Indian Project Financier’s Data Center Loans Top $1.2 Billion

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Indian Project Financier’s Data Center Loans Top $1.2 Billion
India’s top state-run infrastructure financier has sanctioned loans upwards of 30 billion rupees ($313 million) each to at least four data centers, reflecting the nation’s push to participate in the artificial intelligence buildout.
The facilities from the National Bank for Financing Infrastructure and Development, or Nabfid, have a moratorium of as much as five years, with repayment over the following 10 years, Managing Director Rajkiran Rai G. said in an interview.

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