HCLTech to Invest $1.48 Billion in AI Data Center, Open New Tech Hub
India's HCLTech announced a significant investment of $1.48 billion (142.57 billion rupees) to establish its first AI data center in Odisha, partnering with Sarvam AI. The project will leverage full-stack AI capabilities and sector-specific applications for both government and private clients. Financial support from the Odisha government is part of this initiative. In addition, HCLTech plans to open a 5,000-seat technology hub in Bhubaneswar by 2028 as it expands beyond traditional IT outsourcing into AI services. The company had previously acquired a 10.5% stake in Sarvam AI for $150 million last month. This move aligns with broader trends among Indian IT firms investing heavily in data centers to capitalize on growing demand from AI and cloud computing, as seen recently with Tata Consultancy Services' $2 billion investment plan.
Topics: AI Data Centers Infrastructure Investment IT Services