Budget 2026: Foreign companies to get tax-free ride till 2047 for betting on India's data centres

Budget 2026 key announcements for data centres: Finance Minister Nirmala Sitharaman announced a significant tax incentive. Foreign companies offering cloud services worldwide will receive a tax holiday until 2047. This benefit applies if they utilise data center services located within India. The move aims to attract global investment and bolster India's digital infrastructure.