The MoU was exchanged at the World Economic Forum in Davos in the presence of senior state officials and AM Group leadership.
AMG said it will invest about $25 billion in the project. The facility will be developed in phases. Initial capacity is scheduled to become operational in 2028. Full 1-GW capacity is targeted for 2030.
The hub will host around 500,000 high-performance chipsets. It is expected to rank among the largest technology infrastructure investments in India to date. The project is aligned with the Union government’s Viksit Bharat 2047 vision for AI and digital infrastructure.
AMG said the compute facility will serve global hyperscalers, frontier AI labs, enterprises, and India’s sovereign AI initiatives. Operations will run on 24/7 carbon-free power, using wind, solar, and pumped storage.
The site will leverage Uttar Pradesh’s industrial corridors and its Data Center Policy. AMG said this will support low-latency and reliable connectivity to digital markets. The company also plans to make chipset access available to a wider Indian developer community.
AMG AI Labs said it is building an end-to-end value chain from “on-demand electrons to intelligent tokens.” These tokens will support AI models and applications in energy, healthcare, sovereign clouds, manufacturing, automotive, and media and gaming.
State officials said the project could attract significant foreign direct investment. AMG expects thousands of high-skilled jobs in hardware, software, and cooling technologies.
AMG is promoted by the founders of Greenko Group, one of India’s major renewable energy companies. AMG is building platforms across molecules, materials, and AI technologies for industrial decarbonization and digital tokenisation.
Greenko is developing a 50-GW energy infrastructure platform across more than 20 Indian states in solar, wind, hydro, and storage. The company is building what it calls the world’s first interconnected 100-GWh energy storage system.
AMG is pursuing low-carbon ammonia projects across multiple sites in India with a target of 5 million tonnes per annum of green ammonia capacity. It is also developing green caustic soda, e-methanol, olefins, and biofuels, including sustainable aviation fuel.
