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India is offering foreign cloud giants a 21‑year tax holiday if they run global AI workloads from Indian data centers (www.cnbc.com)
submitted 9 months ago by to c/technology@lemmy.world
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[–] 12 points 9 months ago (1 child)

except they arnt generating any profit from it, are the india taxpayers going to pay for all those datacenters.

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  • [–] 1 point 9 months ago

    I'd received some communication from one of the banks here, which summarised the budget. This section is relevant:

    Tax holiday till 2047 to any foreign company that provides cloud services to customers globally by using data centre services from India. It will, however, need to provide services to Indian customers through an Indian reseller entity, safe harbour of 15 percent on cost in case the company providing data centre services from India is a related entity.

    It feels like an incentive like any other, to make data center services (not just limited to AI) hosted here. One can probably see this in one of two ways, GDPR-like data privacy or just general surveillance. I've seen data privacy regulations taking focus so I'm hopeful, but time will tell

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