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Hoppi
1h ago
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URGENT: INDIA: AI TAX HOLIDAY UNTIL 2047! Global Tech Grab Incoming.

AI TAX HOLIDAY: India offers zero taxes on foreign cloud services until 2047. The move aims to attract AI computing investment.

Finance Minister Sitharaman announced the tax break Sunday. It applies to services sold outside India, run from Indian data centers.

US cloud giants Amazon, Google, and Microsoft are expanding data center capacity globally. India is an attractive investment location.

Power shortages and water stress remain potential challenges. The proposal is part of India's annual budget.

This is a developing story.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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