India, Feb. 1 -- The Government of India has issued a release:
Recognising the need to enable critical infrastructure and boost investment in data centres,the Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman,while presenting the Union Budget 2026-27 in Parliament today, 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.
The Union Budget also proposes to provide a safe harbour of 15 percent on cost in case the company providing data centre services from India is a related entity.
To harness the efficiency of just...