AI infra firm RackBank gets land in Indore, Raipur for data centres

RackBank plans to grow data centers in cities like Indore and Raipur. This move aims to cut operational costs significantly. The company recently launched NeevCloud, an AI cloud business. They acquired land in Indore and Raipur for new facilities. These projects receive support from state governments. RackBank targets to raise Rs 700 crore for this expansion.