New Delhi, Feb. 1 -- Recognising the need to enable critical infrastructure and boost investment in data centres, Finance Minister Nirmala Sitharaman has proposed to provide tax holiday till 2047 to any foreign company that provides cloud services to customers globally by using data centre services from India.

It will, however, need to provide services to Indian customers through an Indian reseller entity, Finance Minister said, presenting the Budget for 2026-27 in the Parliament on Sunday.

She also proposed to provide a safe harbour of 15 per cent on cost in case the company providing data centre services from India is a related entity.

To harness the efficiency of just-in-time logistics for electronic manufacturing, she proposed to p...