Hyderabad-based AM Group, an energy transition platform backed by the founders of Greenko Group, has committed to investing $25 billion to establish a 1 GW high-performance AI infrastructure hub in the Greater Noida region. The announcement was made at the World Economic Forum 2026 in Davos, where AM Group signed a Memorandum of Understanding (MoU) with Invest UP, the investment promotion arm of the Uttar Pradesh government.
The project will be developed in a phased manner, with the first capacity expected to be operational by 2028 and the full 1 GW capacity targeted for completion by 2030. This ambitious undertaking is poised to be one of the largest investments in India's digital infrastructure to date and aligns with the Indian government's Viksit Bharat 2047 vision to accelerate AI-driven services.
The AI infrastructure hub is designed to cater to the surging demand for high-performance computing and AI workloads from global hyperscalers, frontier AI labs, enterprises, and India's sovereign AI initiatives. The facility will house approximately 500,000 advanced high-performance chipsets.
A key aspect of the project is its focus on sustainability. The facility will operate on 24/7 carbon-free energy, utilizing a mix of renewable energy sources, including wind, solar, and pumped storage. This commitment aligns with Uttar Pradesh's ambition to emerge as a leader in the AI industry while maintaining a strong focus on green energy.
The project is expected to have a significant positive impact on the region, attracting substantial foreign direct investment (FDI) and generating thousands of high-skilled jobs. It is also expected to foster a local ecosystem for hardware manufacturing, software development, and specialized cooling technologies.
Anil Chalamalasetty, Group Chairman of AM Group, stated that the project reflects the company's technology-first approach and its commitment to building a sustainable and carbon-neutral digital economy. Mahesh Kolli, Group President of AM Group, added that the company is not just building a data center but creating a sustainable template for the future of global AI infrastructure.
The Invest UP delegation held meetings with other global corporations and institutions, such as Bayer Consumer Health, Greenko, REC Ltd, Relisat, Cognizant and Jubilant Bhartia Group to explore and discuss potential collaborations in clean energy, digital infrastructure, industrial manufacturing and other emerging technologies. The Inox GFL Group signed an MoU with Invest UP to establish a 2 GW solar power project and a 3 GW solar module-manufacturing plant with an investment of ₹10,500 crore. The TWI Group of Companies signed an MoU with Invest UP worth ₹1,100 crore to set up India's first hybrid EV motorcycles manufacturing plant.
