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India's Finance Minister: India Faces Challenges From Foreign Exchange And Crude Oil Price Uncertainties, As Well As Insufficient Rainfall This Year
Hong Kong's First Five-year Plan Has Launched A Public Consultation: It Proposes Strengthening Connectivity With The Mainland's Capital Markets And Expanding Cross-border Investment And Financing Channels
On The Eve Of The Bank Of England's Interest-rate Decision, Concerns About Inflation Are Mounting
Pakistani Foreign Minister: We Thank The Leaders Of The United States And Iran For Their Trust In Pakistan And Appreciate Their Commitment To Maintaining Contact In The Pursuit Of Peace And A Negotiated Outcome
The Ministry Of Commerce And The International Trade Centre Have Renewed Their Memorandum Of Understanding On Strengthening Cooperation Under The Belt And Road Initiative
Institution: Central Banks In Multiple Countries May Be Entering A Synchronized Rate-hiking Cycle
The China Earthquake Networks Center Officially Reported That A Magnitude 3.0 Earthquake Occurred At 11:24 On June 15 In Linhe District, Bayannur City, Inner Mongolia (40.72 Degrees North Latitude, 107.35 Degrees East Longitude), With A Focal Depth Of 10 Kilometers
The Bank Of Korea Reported That Net Foreign Investment In South Korean Stocks Fell By $31.83 Billion In May, Compared To A Net Outflow Of $2.68 Billion In April. This Marks The Largest Monthly Outflow Of Foreign Investment In South Korean Stocks On Record
The Bank Of Korea Reported That Net Foreign Investment In South Korean Bonds Reached $5.68 Billion In May, Compared To $550 Million In April
The Main Polysilicon Futures Contract Rose By More Than 2%, Currently Trading At 38,935 Yuan/ton
The Main Lithium Carbonate Futures Contract Fell By More Than 2.00% During The Day, Currently Trading At 173,220 Yuan/ton
The National Development And Reform Commission And Other Departments: Promote Energy-saving And Carbon-reduction Upgrades For In-service Coal-fired Generating Units With Capacities Of 300,000 KW Or More
The China Earthquake Networks Center Officially Reported That A Magnitude 3.1 Earthquake Occurred At 10:23 A.m. On June 15 In Luolong County, Changdu City, Tibet (30.76 Degrees North Latitude, 96.24 Degrees East Longitude), With A Focal Depth Of 10 Kilometers
The Indonesian Rupiah Continued Its Upward Trend, Rising To 17,700 Against The US Dollar, Its Highest Level Since May 25
Japanese Chief Cabinet Secretary Minoru Kihara: I Hope The US-Iran Agreement Can Reduce Global Economic Risks

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India's 20-year tax exemption for global hyperscalers is set to transform it into a premier AI and cloud computing hub, potentially reshaping the global tech landscape.
India has unveiled a 20-year tax exemption for global hyperscalers, a strategic move designed to attract artificial intelligence workloads and establish the nation as a premier hub for cloud computing.
Experts suggest this policy could dramatically shift the global landscape. With India's data center infrastructure costs already low, the tax holiday makes it a highly competitive alternative to established hubs like Singapore, the United Arab Emirates, and Ireland. The new incentive targets cloud computing giants such as Amazon Web Services, Microsoft Azure, and Google Cloud, which are pouring capital into the infrastructure required to power advanced AI models.

During her budget speech on Sunday, Finance Minister Nirmala Sitharaman announced that cloud services from global hyperscalers using locally owned and operated data centers will be tax-exempt until 2047. The measure is intended to "boost investment in data centers."
This marks a significant departure from the current tax structure. At present, foreign hyperscalers' data center operations in India are typically treated as a "permanent establishment," with profits taxed at 35% plus a surcharge and cess, according to Kumarmanglam Vijay, a partner at legal firm JSA Advocates and Solicitors.
"This proposal will significantly increase the hyperscaler demand and major foreign firms will now find India a significantly cheaper base for global workloads," said Riaz Thingna, a partner at Grant Thornton Bharat.
Thingna added that the policy positions India not just as a "consumption market" but as a "global cloud computing and AI computing hub." It resolves the "corporate income tax exposure" that companies face for having a "significant economic presence" in the country.
While India's role in the global AI race has been limited by a lack of domestic foundational models, chip manufacturing, and large-scale data center capacity, this tax holiday is set to change the equation. It complements the country's broader strategy to incentivize semiconductor design and production.
The policy arrives as tech behemoths are already signaling strong interest. In a single 24-hour period last December, Microsoft and Amazon pledged over $50 billion toward India's cloud and AI infrastructure. Google has also partnered with AdaniConneX to build a $15 billion data center in a new AI hub in southern India, making it a likely beneficiary of the new tax rules.
At the recent World Economic Forum, Electronics and Information Technology Minister Ashwini Vaishnaw stated that India was "making very good progress" across all five layers of AI architecture: applications, models, chips, infrastructure, and energy.
The tax exemption is expected to benefit a wide range of companies, from local data center developers to major Indian IT and cloud service firms like Infosys, Wipro, TCS, HCL Tech, and Jio.
Raju Vegesna, chairman of Indian data center developer Sify Technologies, called the move "a positive sign for sustained, cost-effective capacity creation."
Globally, the demand for data centers has soared, driven by the explosion in AI workloads that require immense computing and electrical power. In 2025 alone, over $61 billion has already been invested in the data center market.

India's current data center capacity stands at around 1.2 gigawatts but is projected to more than double to over 3 gigawatts in the next five years. This growth comes as the global market is expected to expand from 103 GW to 200 GW by 2030, according to a JLL report.
Anshuman Magazine, CEO for India, South-East Asia, Middle East & Africa at CBRE, described the policy as removing "the single biggest friction point for global hyperscalers entering India." He predicts that global capital inflows will "increase substantially," as the 20-year runway provides ample time to earn a return on investment.
India also holds key advantages over mature Asia-Pacific markets. Singapore, a long-standing hub, faces land availability constraints for large-scale deployments. In contrast, India offers abundant space, relatively low power costs, and a growing renewable energy capacity—a critical factor for energy-intensive data centers.
S. Anjani Kumar, a partner at Deloitte India, suggested the policy could catalyze a transformation similar to the one sparked by IT services incentives in the early 2000s. He forecasts "large-scale global investment, expand export revenues, and lead to long-term job and capability creation."
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