Meta Just Leased the Whole Stack, Not Just a Server Room
The headline number is 168 megawatts, but the more revealing fact is what the Jamnagar lease completes. Meta now holds three connected layers of infrastructure inside India: compute (the built-to-suit data center) [1], the pipes that move data in and out (Meta's Project Waterworth subsea cable system, reported at more than 50,000 km across 24 fiber pairs linking the US, India, Brazil, and South Africa) [2], and a software layer (a 2025 joint venture with Reliance selling Llama-based enterprise AI to Indian companies). A single data center is a real-estate decision; owning compute, transport, and applications at once is a country strategy.
Note the structure of the deal: Meta is not building or owning the building. Reliance builds, owns, and operates it, and Meta leases the full capacity and pays for all the power and water [1]. That keeps the multi-year capital and the local regulatory, land, and utility relationships on Reliance's books while Meta gets dedicated capacity it can switch on without managing Indian construction and grid interconnection itself. It is the same asset-light playbook hyperscalers use elsewhere, applied to a market where a local partner's permits and land access are the hard part.



