Question

Which Indian state plans to build India's first AI city to promote the AI ecosystem, and what financial incentives are being offered to support this initiative?

A Karnataka; Tax exemptions and subsidies Correct Answer Incorrect Answer
B Uttar Pradesh; One-time Capex support, stamp duty exemption, and other benefits Correct Answer Incorrect Answer
C Maharashtra; Infrastructure grants and interest-free loans Correct Answer Incorrect Answer
D Tamil Nadu; Research grants and academic collaborations Correct Answer Incorrect Answer
E Telangana; Land grants and investment incentives Correct Answer Incorrect Answer

Solution

Uttar Pradesh plans to build India's first AI city in Lucknow and is offering financial incentives, including one-time Capex support, stamp duty exemption, and other benefits as per the IT and ITeS Policy, 2022.

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