TechBloomberg Tech2h ago
Indian Project Financier’s Data Center Loans Top $1.2 Billion
TL;DRIndia's state lender backing $1.2B in data center loans to fuel AI infrastructure growth.
Why it matters: Shows India competing for AI dominance by financing domestic compute capacity instead of relying on foreign providers.
India’s top state-run infrastructure financier has sanctioned loans upwards of 30 billion rupees ($313 million) each to at least four data centers, reflecting the nation’s push to participate in the artificial intelligence buildout.
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