India, Nov. 21 -- Meta Platforms Inc. is said to partner Nasdaq-listed and India-focused Sify Technologies Ltd. to set up a 500 MW data centre in Visakhapatnam, as global technology firms descend on the east-coast city to tap into India's insatiable appetite for AI compute.

Sify Technologies is expected to invest Rs.15,226 crore to build a data centre in Paradesipalem village, which is about 25 km from Visakhapatnam on the highway to Kolkata, ET reported on Friday citing a person familiar with the matter. This facility, once built, will be leased to Meta Platforms.

The parent company of Facebook, Instagram and WhatsApp will also land its ambitious subsea cable project 'Waterworth' at Sify's landing station here.

"Meta will be the end u...