The government of Andhra Pradesh has approved AM AI Factory Private Limited’s move to establish a 512-megawatt green integrated artificial intelligence (AI) data centre in Visakhapatnam district, involving an investment of over Rs 313.87 billion.
The facility is proposed to be set up at Amanam village in Bheemunipatnam mandal and is expected to generate employment for up to 1,000 people.
Further, non-fiscal incentives for the project will include power infrastructure support and water supply, while fiscal incentives will cover exemption from stamp duty and electricity duty.