Maharashtra has signed an MoU with AM Intelligence Labs for a proposed Rs 1.14 lakh crore investment to build an Integrated Green Data Centre Park and an AI Compute Hub in the Mumbai region. The plan, backed by the state’s IT Policy 2023 and Green Data Centre Park Policy 2024, is designed to run entirely on renewable energy. Officials expect around 8,000 direct jobs plus additional roles, with construction and operations covering high-tech careers.
Uber is partnering with the Adani Group to set up its first data centre in India, a major push to strengthen local infrastructure and operations. In the same ETtech Top 5 update, the spotlight shifts to how cyber insurance and coverage are being tested by accelerating AI risks—raising new stakes for tech firms.
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Siemens says AI-linked demand is accelerating its business, with orders rising sharply as data centre investments surge worldwide. While quarterly profit edged down a little, the company’s infrastructure segment posted record growth, pointing to strong momentum. Siemens expects this AI-fueled buildout to stay robust for several years, reshaping its outlook.
Indian banks are gearing up for robust double digit corporate credit growth this fiscal year, driven by faster demand from infrastructure, renewable energy, manufacturing, and data centre projects. Lenders including SBI and Bank of Baroda report healthy loan pipelines, signaling an upbeat outlook for business lending. Yet, sustaining the momentum hinges on managing liquidity pressures.
India’s data centre buildout is surging fast, backed by hyperscalers and government support, with AI-ready capacity growing alongside major investments. But the “hidden cost of compute” is resource strain: data centres already consume significant electricity and massive water, while power and cooling trade-offs lock in impacts for decades. Meanwhile, much demand is still anchored by global players, raising questions about who truly captures the value.
American Electric Power (AEP) is increasing its investment plan to $78 billion, citing explosive data centre growth tied to artificial intelligence. The utility says it will expand generation and transmission capacity to keep up with rising electricity needs, and has already signed agreements covering 7 gigawatts of new projects aimed at supporting the next wave of power-hungry infrastructure.
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As India’s AI and cloud sectors surge, water management is emerging as a new pressure point. Researchers say these fast-growing technologies could drive large annual water demand, intensifying local resource stress. The Centre, however, insists industry is deploying advanced cooling systems to cut both water use and energy consumption, aiming to balance growth with sustainability.
Reliance Industries plans to invest ₹1.6 lakh crore to build a 1.5 GW AI-focused data centre cluster in Visakhapatnam, Andhra Pradesh, supported by captive solar and battery storage. The phased project aims to outscale Google’s 1 GW facility in the region, with 500 MW expected to go live by October 2028 and the full 1.5 GW later by 2030.
Andhra Pradesh’s Amaravati is set to be developed as the “world’s quantum valley,” with a focus on AI and data centres to attract major FDI. Chief Minister Chandrababu Naidu outlined a digital, knowledge-led ecosystem built around a “4P” partnership model, while the state’s clean energy strength is expected to boost large investments in data infrastructure.
Related Digital has secured $16 billion in financing for a Michigan data centre campus built for Oracle. The package combines equity from Related Digital and Blackstone with long-term debt backed by PIMCO-managed funds. The move underscores how major tech firms are accelerating expansion across the US as demand for cloud and AI infrastructure keeps rising.
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Andhra Pradesh is set to roll out a policy that allows large data centres to obtain power distribution licences. The move is aimed at securing reliable electricity for high-demand facilities. Firms that meet defined eligibility criteria could build and operate their own internal power distribution systems, reducing supply uncertainty as data needs surge.
This Budget signals a clear shift in India’s growth strategy, elevating data centres, artificial intelligence, and semiconductors from niche tech to key national priorities. The “digital blueprint” frames these areas as the new engines for investment, jobs, and competitiveness—marking a departure from spending focused mainly on physical infrastructure.
Natural Environment Solutions Pvt Ltd (NES) is entering India’s data centre market with a 5 MW facility in Hinjewadi, Pune. The company says it will rapidly scale capacity to over 100 MW across the country within the next three years. The move marks NES’s shift into a high-growth infrastructure sector and signals more capacity buildout ahead.
Bain Capital is reportedly preparing to offload at least 40% of Singapore-based Bridge Data Centres, with the firm valued at $5 billion. The stake sale is tied to accelerating data-centre investment across Asia, fueled by demand for cloud and digital services. Buyers’ indicative bids are expected by mid to late next month, setting up a fast-moving process.
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Reliance Brookfield is set to open a new data centre next week, intensifying competition in India’s rapidly expanding market. The sector is projected to grow about 40% annually and attract roughly USD 5 billion in investments by 2025, as Reliance enters a field already heating up with Adani Group and Bharti Airtel pushing capacity.
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