The Union Budget 2026–27 proposes a tax holiday till 2047 for foreign cloud companies using data centres in India to serve global customers. The move aims to attract investment, boost data centre capacity and position India as a global AI and digital infrastructure hub.
The MoU intends to promote digital transformation and the development of pilot or demo solutions and the facilitation of private sector contacts to mutually benefit the digital ecosystems of both countries.
The G20 declaration consolidates a vision for the future improved by technology, responsible artificial intelligence and digital public infrastructure.