Indore-based RackBank Datacenters, a carbon-neutral company, is set to develop India’s first AI SEZ (Special Economic Zone). India’s commitment to becoming a global technology powerhouse is evident with this upcoming launch in Nava Raipur, Chhattisgarh.

RackBank Datacenters Pvt. Ltd. will invest ₹1,000 crore to develop a carbon-neutral data centre in Chhattisgarh. The Chhattisgarh government states that this AI SEZ will provide state-of-the-art facilities for AI research, development, and deployment.

Spread across six acres, the RackBank Data Centre SEZ will feature a 150,000 sq ft facility housing advanced servers and systems to power AI and large-scale digital operations. This zone, envisioned as India’s digital nerve centre, plans to develop four high-density data centres with a total of 80 megawatts to support digital infrastructure across multiple states.

The statement said, “The SEZ will benefit from tax exemptions and regulatory relaxations under the SEZ framework, providing an enabling environment for global and domestic firms to carry out cutting-edge AI development and data-driven innovation”.

India currently has 423 approved Special Economic Zones (SEZs), with 270 already operational. These zones are diverse, covering sectors such as IT, biotechnology, pharmaceuticals, textiles, engineering, and multi-product manufacturing.

Tamil Nadu, Karnataka, Telangana, Maharashtra, and Gujarat host most operational SEZs, which are attracting significant IT and manufacturing investments.

Source: https://www.livemint.com/industry/public-sector-general-insurance-companies-psgics-india-nirmala-sitharaman-products-united-india-oriental-insurers-11748448272521.html