As the global race to build AI infrastructure accelerates, India has offered foreign cloud providers zero taxes through 2047 on services sold outside the country if they run those workloads from Indian data centers — a bid to attract the next wave of AI computing investment, even as power shortages and water stress threaten expansion in the South Asian nation. On Sunday, India’s finance minister Nirmala Sitharaman announced (PDF) the proposal in the country’s annual budget, offering a tax holida...