India Announces 20-Year Tax Break for Hyperscalers to Boost AI and Cloud Infrastructure

TLDR India will offer a 20-year tax exemption for hyperscalers using local data centers for global cloud services. The exemption removes the 35% corporate tax previously applied to foreign firms operating via local establishments. Firms like TCS, Infosys, Wipro, and Jio are expected to benefit from increased demand and investment. Google, Microsoft, and Amazon have [...]

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