“Today, if you compare the U.S. and India, the U.S. costs two-and-a-half times more,” Mr. Vegesna added. Having a data centre with AI services would lead to the creation of institutions for training and knowledge transaction. Welcoming the tax holiday announced in the Union Budget 2026-27 for building data centres in India, Mr. Vegesna said this would enable India to bill the data centres that set up shop here. Besides, setting up a data centre required skilled manpower, right from the design and construction stages. That means you just move your rack into our data centre and then plug and play,” he said.