Prabhudas Lilladhar
In the span of a few months, India has gone from digital potential to digital powerhouse - and data centers are the linchpin of that transformation. At the recent India AI Impact Summit, global tech majors including Microsoft, Google, and Amazon collectively pledged tens of billions of dollars toward AI infrastructure, while domestic giants like Reliance Industries and the Adani Group announced multi-billion-dollar plans to build AI-ready, renewable-powered data center campuses across the country. Complementing this investment momentum, the Union Budget 202627 introduced a landmark tax holiday for data center operators, extending exemption from Indian income tax until 2047 for eligible foreign cloud service providers using India-based data center infrastructure to serve global workloads - a move designed to anchor high-value compute capacity domestically and provide decades of investment certainty....
Prabhudas Lilladhar released a Sector Update report for Capital Goods on 20 Feb, 2026.
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