TechNabfid reportedly approves Rs 3,000 crore-plus in loans for at least four data centres
The Economic Times reports that Nabfid also plans to raise about Rs 1 trillion to fund large projects supporting India's AI and cloud computing push.
TLDR
Nabfid has sanctioned Rs 3,000 crore-plus in loans to at least four data centres as AI capital spending accelerates in India, The Economic Times reports. The lender expects continued strong demand from hyperscalers and cloud service providers and plans to raise about Rs 1 trillion to fund large projects, according to the report.
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Nabfid reportedly approves Rs 3,000 crore-plus in loans for at least four data centres
The Economic Times reports that Nabfid also plans to raise about Rs 1 trillion to fund large projects supporting India's AI and cloud computing push.
TLDR
Nabfid has sanctioned Rs 3,000 crore-plus in loans to at least four data centres as AI capital spending accelerates in India, The Economic Times reports. The lender expects continued strong demand from hyperscalers and cloud service providers and plans to raise about Rs 1 trillion to fund large projects, according to the report.
