Andhra Pradesh approves ₹31,387cr green AI data center in Visakhapatnam
Business
Andhra Pradesh just OK'd a huge over ₹31,387 crore investment for a green AI data center in Visakhapatnam.
Set up by AM AI Factory Pvt Ltd, this 512-megawatt project will land in Amanam village and promises around 1,000 new jobs.
The whole thing should be up and running in just 28 months, aiming to put the state on the tech map with sustainable infrastructure.
State offers power water tax exemptions
To make things smoother, the state is pitching in with power and water infrastructure, plus some tax breaks like stamp duty and electricity duty exemptions.