Andhra Pradesh Approves ₹31,387 Cr Green AI Data Centre
By Business Desk
Andhra Pradesh government greenlights a massive ₹31,387 crore green AI data centre in Visakhapatnam by AM AI Factory Pvt Ltd, creating 1,000 jobs.
The Andhra Pradesh government has officially approved a significant green integrated AI data centre project by AM AI Factory Pvt Ltd in Visakhapatnam. This initiative involves an investment exceeding ₹31,387 crore.
The facility, slated for Amanam village within the Bheemunipatnam mandal, is designed to be a 512-MW green AI data centre. It aims to generate substantial employment opportunities. IT Secretary Bhaskar Katamneni confirmed in a Government Order that the project is expected to create jobs for up to 1,000 individuals.
Project Mandate and Timeline
The approval mandates the data centre’s full establishment within a period of two years and four months. This timeline underscores the state’s commitment to rapid infrastructure development.
Incentives Driving Development
The state government is offering both non-fiscal and fiscal incentives for the project. These incentives are designed to support the establishment and operation of the data centre.
Non-fiscal incentives include support for power infrastructure.
They also provide support for water supply.
Fiscal incentives comprise exemptions from stamp duty.
Further fiscal benefits include exemptions from electricity duty.
Key Project Figures
The investment for this project exceeds ₹31,387 crore.
Its capacity is a substantial 512-MW green integrated AI data centre.
The project is expected to generate employment for up to 1,000 people.
The completion timeline is set for two years and four months.