Adani Enterprises Ltd and Jabil Inc. signed a 50:50 joint‑venture MoU on Tuesday, immediately lifting Adani shares 2.39% to ₹2,694 on the BSE.
The partnership will establish a manufacturing hub in India to produce AI racks, servers, storage, networking gear, power‑distribution units and liquid‑cooling systems, with a projected multi‑gigawatt production capacity.
Industry analysts peg the global AI infrastructure market at $3 trillion over the next seven years; India's data‑centre capacity is forecast to reach 5–8 GW by 2030, driving hyperscaler spending beyond $50 billion.
Gautam Adani, chairman of the Adani Group, said, "The AI revolution will demand far more than just breakthroughs in algorithms. It will require an entirely new industrial architecture where energy, hyperscale infrastructure, advanced computing and precision manufacturing converge." Mike Dastoor, CEO of Jabil Inc., added, "This MoU is the next step forward in establishing a scaled AI infrastructure platform in India, a market we believe will become increasingly important for both domestic and global AI demand."
Adani’s board will now review definitive agreements and regulatory approvals, while Jabil’s CFO expects the JV to bolster its India footprint ahead of FY27 demand projections. Investors will monitor the partnership’s progress as it seeks to capture the growing AI hardware market.