The MoU was formally exchanged at the World Economic Forum in Davos, attended by senior state officials and the leadership team from AM Group.
AMG announced an investment of approximately $25 billion for this initiative. The development of the facility will occur in phases, with the initial capacity anticipated to begin operations in 2028, and the full 1-GW capacity aimed for completion by 2030.
The hub is expected to accommodate around 500,000 high-performance chipsets, making it one of the largest technology infrastructure investments in India to date. This project aligns with the Union government’s vision for AI and digital infrastructure under Viksit Bharat 2047.
According to AMG, the compute facility will cater to global hyperscalers, advanced AI labs, enterprises, and India’s sovereign AI projects. The operations are set to run on renewable, carbon-free energy sourced from wind, solar, and pumped storage.
The site will utilize Uttar Pradesh’s industrial corridors along with its Data Center Policy, ensuring low-latency and dependable connectivity to digital markets. The company aims to provide broader access to chipsets for the Indian developer community.
AMG AI Labs is working on creating a comprehensive value chain from “on-demand electrons to intelligent tokens.” These tokens will enhance AI models and applications across various sectors such as energy, healthcare, sovereign clouds, manufacturing, automotive, and media and gaming.
State officials indicated that the project has the potential to attract substantial foreign direct investment. AMG anticipates the creation of thousands of high-skilled jobs in hardware, software, and cooling technologies.
AMG is backed by the founders of Greenko Group, a leading renewable energy company in India. The group is developing platforms that span across molecules, materials, and AI technologies for industrial decarbonization and digital tokenization.
Greenko is in the process of executing a 50-GW energy infrastructure platform across more than 20 Indian states, focusing on solar, wind, hydro, and storage solutions. They are also constructing what is described as the world’s first interconnected 100-GWh energy storage system.
Additionally, AMG is advancing low-carbon ammonia projects at multiple sites across India, aiming for a production target of 5 million tonnes per annum of green ammonia. The company is also working on green caustic soda, e-methanol, olefins, and biofuels, including sustainable aviation fuel.
