Adani Group and Jabil Inc announced their intent to form a strategic alliance to establish a vertically integrated AI and data center infrastructure manufacturing platform in India. The partnership aims to address the explosive local and global demand for AI-ready data center hardware by integrating Jabil's engineering and manufacturing expertise with Adani Group's infrastructure and green energy portfolio. This collaboration is positioned as a flagship paradigm for the next phase of the Make in India vision, transitioning the nation from an importer of digital infrastructure into a dominant global manufacturer and exporter of AI hardware.

The alliance plans to deploy multi-GW of high-density AI Rack manufacturing capacity in India. This platform will serve global hyperscalers, co-location facilities, and enterprise data centers through the advanced manufacturing and integration of next-generation liquid-cooled AI racks, servers, storage, and networking systems utilizing state-of-the-art SMT (Surface Mount Technology) and complex box-build processes.

Core Pillars of the Manufacturing Platform

The collaboration encompasses full-spectrum white space and grey space device manufacturing. This includes Power Distribution Units (PDUs), Coolant Distribution Units (CDUs), Transformers, Switchgears, Bus Bars, and advanced thermal management systems. The companies intend to deliver an end-to-end, design-to-deployment hardware ecosystem, providing infrastructure builders with a highly integrated single-source solution.

The initiative targets a global market opportunity exceeding USD 3 trillion over the next seven years, driven by structural investments in AI compute. Adani and Jabil are currently working on definitive operational frameworks and formal documentation to execute this manufacturing roadmap.

Strategic Rationale and Market Context

India's data center market is projected to reach between 5-8 GW by 2030, fueled by AI demand, cloud expansion, and data localization requirements. Global hyperscalers have planned more than USD 50 billion in spending across data center, cloud, and AI ecosystems in India. The Union Budget 2026's tax holiday for data centers until 2047 is expected to enhance the global export competitiveness of India-based manufacturing.

This alliance aligns with Adani Group's USD 100 billion commitment to develop 5 GW of green-energy-powered, hyperscale AI-ready data centers by 2035. Jabil, which recorded USD 29.8 billion in revenue for fiscal year 2025, brings comprehensive power management and precision thermal solutions capabilities to the platform following strategic acquisitions.

Leadership Perspectives

Gautam Adani, Chairman of Adani Group, stated that the alliance represents a decisive step in building India's complete AI infrastructure stack. He emphasized that the partnership would ensure India becomes a creator and exporter of intelligence in the AI age.

Mike Dastoor, CEO of Jabil, noted that combining Jabil's engineering expertise with Adani's infrastructure platform will allow the companies to execute down to the rack level for hyperscalers globally. He highlighted India's skilled workforce and supportive business environment as key drivers for the collaboration.

Adani Enterprises ' joint venture, AdaniConnex Private Limited, has acquired a 100% stake in Madhuvanti Build Estate Limited (MBEL) from Adani Infra (India) Limited for a total cash consideration of ₹765.25 Crores. The transaction, completed on June 11, 2026, is aimed at building infrastructure facilities. MBEL is an early-stage infrastructure company incorporated in 2019 that owns a sizeable land parcel and holds key development licenses, providing a strategic advantage for the joint venture's expansion plans.

Acquisition Details

The acquisition was executed at arm's length, though the target entity is controlled by the promoter or promoter group of Adani Enterprises. The deal was funded entirely through cash consideration against shares. No governmental or regulatory approvals were required for the transaction to be completed.

Target Profile

MBEL is registered with the Registrar of Companies in Gujarat and operates within the infrastructure development sector. While the company has not yet commenced commercial activities and reports nil turnover, it has secured essential licenses to begin infrastructure operations. The acquisition of MBEL allows AdaniConnex to leverage these assets to accelerate its infrastructure development projects.