Summary

India announced a 20-year tax exemption for hyperscalers using data centers in the country to service global clients. This move aims to attract cloud computing giants and position India as a global cloud computing and AI hub. The tax holiday is expected to boost investment in data centers and benefit Indian IT and cloud service firms, as well as local data center developers.

https://www.cnbc.com/2026/02/02/india-tax-breaks-hyperscalers-ai-bet.html