Computer hardware company Mega Networks is planning to set up a factory by the third quarter of the ongoing fiscal 2024-2025 to locally manufacture artificial intelligence servers, its chief executive said.The factory will be in Maharashtra and the company plans to invest Rs 350-400 crore in FY25, Amrish Pipada told ET.“The initial investment for setting up the factory will be funded through internal accruals and debt of Rs 100-120 crore, with the remainder raised from long-term debt and private... Read this story
