HMT Land Bank Could Be Monetized for AI Clusters
Representative AI image NEW DELHI: India is strategizing to monetize the land bank of the troubled public sector undertaking (PSU) HMT Ltd by establishing artificial intelligence clusters. Insiders report that HMT boasts the second-largest land bank in the country, following Indian Railways. At its peak, HMT owned nearly 1,800 acres; currently, around 1,100 acres remain in Hyderabad (Telangana), Bengaluru (Karnataka), Pinjore (Haryana), and Kalamassery (Kerala). These lands were ‘gifted’ to HMT by state governments over time, with the expectation of industrial development. However, much of this land remains vacant or encroached upon, leading to disputes with states seeking reclamation. “Investment…