India's recent declaration of a zero tax policy for AI cloud services has sparked a wave of investment from leading global technology companies, signaling a significant boost to the country's AI infrastructure. According to analysts cited in the report, the outlook is promising.
Google's $15 Billion Investment in AI Hub
In a bold move, Google has announced a $15 billion investment aimed at establishing a state-of-the-art AI hub in India. This initiative is part of a broader strategy to enhance the country's capabilities in artificial intelligence and cloud computing.
Microsoft's Massive Commitment
Microsoft is making an even larger commitment, planning to invest a staggering $175 billion by 2029. This investment underscores the tech giant's confidence in India's potential as a key player in the global AI landscape.
Amazon's Increased Investment
Amazon is also stepping up its game, pledging an additional $35 billion, which brings its total investment in India to approximately $75 billion. This influx of capital is expected to significantly bolster the country's data center capacity.
Domestic Companies Join the Investment Wave
Moreover, domestic companies like Reliance Industries and the Adani Group are not sitting on the sidelines; they are ramping up their investments as well, further indicating a robust growth trajectory for India's burgeoning tech ecosystem.
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