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