India Offers Zero Taxes Through 2047 as Major AI Companies Pour Billions Into Local Operations
Summary
India announces zero taxes through 2047 for cloud providers operating global workloads from local data centers, prompting Google, OpenAI, Anthropic, and Perplexity to pour billions into establishing major operations in the country where 62% of citizens embrace AI benefits compared to just 39% in the US.
Key Points
- India's finance minister announces zero tax policy through 2047 for cloud providers running global workloads from Indian data centers, requiring them to serve Indian customers through local reseller entities
- Major AI companies including Google, OpenAI, Anthropic, and Perplexity establish significant presence in India with billions in investments and free service offerings to local customers
- India attracts AI firms with lower compute costs, deep talent pool, and more AI-accepting population where 62% believe AI benefits outweigh drawbacks compared to 39% in the US