The Economic Times

Nabfid sanctions Rs 3,000 crore-plus loans to at least four data centres as AI capex accelerates in India

Nabfid is sanctioning significant loans for India's growing data center infrastructure needs. These facilities support the nation's push for artificial intelligence and cloud computing capacity. The lender anticipates continued strong demand from hyperscalers and cloud service providers. Nabfid plans to raise approximately Rs 1 trillion to fund these large projects. This financing aligns with India's broader infrastructure investment in the digital economy.