India offers zero taxes through 2047 to lure global AI workloads | TechCrunch

India Introduces Tax Incentives to Attract Global AI Workloads

India has announced a significant initiative aimed at enticing foreign cloud providers to establish AI infrastructure within its borders. The government will offer zero taxes on services sold outside the country for companies that run their AI workloads from India until 2047.

The zero-tax policy is part of a broader strategy to boost India's technological capabilities and attract major players in the cloud computing and AI sectors. This initiative is expected to benefit a range of companies by lowering operational costs and enhancing profitability.

Several tech firms are already considering relocating their AI workloads to India. The government’s commitment to facilitating this transition includes:

• Providing robust infrastructure to support cloud computing.
• Ensuring data security and privacy regulations align with international standards.

The announcement has garnered attention from industry leaders, with many expressing optimism about the potential for growth in India’s AI sector. Analysts predict that this tax exemption could lead to a surge in investments, with foreign companies eager to take advantage of the favorable economic environment.