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Andhra Pradesh Approves Land Allotment for Reliance Industries' $14.3 Billion AI Data Centre

The Andhra Pradesh government has approved the allotment of over 800 acres of land in Vizianagaram district to Reliance Industries Ltd, a move that will pave the way for the establishment of a Giga Scale AI Data Centre (AIDC) with Cable Landing Station. The land has been allocated at a discounted rate of 25 percent for the proposed investment of over Rs 1 lakh crore.

According to an official Government Order (GO), the Andhra Pradesh Industrial and Infrastructure Corporation (APIIC) and Vizianagaram district administration have been directed to identify an additional acre of land suitable for the Cable Landing Station (CLS). The land allotment is intended for the establishment of a Giga-Scale AIDC with CLS, with a proposed cumulative investment of Rs 1.08 lakh crore.

The government has also approved a range of tailor-made non-fiscal and fiscal incentives, exemptions, subsidies, reimbursements, discounts, waivers, and other privileges for Reliance Industries Limited. The conglomerate is expected to invest a significant amount in the project, with a proposed investment of Rs 18.4-lakh crore.

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

The land for the mega project has been identified by APIIC in Polipalli, Bhogapuram West, and Bhogapuram East villages in Vizianagaram district. The approval is expected to boost the state's economy and create new job opportunities.

Proposed InvestmentReliance Industries LtdActual Investment
Total InvestmentRs 18.4 lakh croreRs 1.08 lakh crore
Discount Rate25%-
LocationVizianagaram districtPolipalli, Bhogapuram West, and Bhogapuram East villages

Investor Takeaway

Reliance Industries' AI data centre project in Andhra Pradesh is expected to attract significant investment and create job opportunities.

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