India bids to attract over $200B in AI infrastructure investment by 2028

India aims to attract over $200 billion in artificial intelligence (AI) infrastructure investment by 2028, positioning itself as a global hub for AI computing and applications. Announced by IT Minister Ashwini Vaishnaw at the government-backed AI Impact Summit in New Delhi, the initiative includes tax incentives, state-backed venture capital, and policy support to draw more global AI value chain activities to the country. Major U.S. tech firms like Amazon, Google, and Microsoft have already committed about $70 billion to expand AI and cloud infrastructure in India, providing a strong foundation for further investment. The government’s efforts also feature long-term tax relief for export-oriented cloud services and a ₹100 billion ($1.1 billion) venture program targeting high-risk sectors such as AI and advanced manufacturing. India plans to expand its shared AI compute capacity under the IndiaAI Mission by adding 20,000 GPUs to the existing 38,000, with a second phase focusing on research, innovation, and broader access to