India woos global tech, bets big on AI data centers
India recently announced a two-decade tax break for foreign tech companies that use data centers in the South Asian country to provide services to overseas customers. The exemption, though, doesn't apply to services offered to Indian clients, which will continue to be taxed.
The move is part of India's efforts to draw investors into its fast-growing digital infrastructure sector and become a global hub for artificial intelligence (AI) and cloud computing infrastructure.
Prime Minister Narendra Modi's administration has already rolled out a slew of incentives such as granting infrastructure status for data centers to accelerate their development. Some state governments have also eased land-use rules.
New Delhi hosted a global AI summit last month, gathering those shaping the future of t...