HMT land bank may be monetised as AI clusters

New Delhi: India is preparing a plan to monetise the land bank available with ailing public sector undertaking (PSU) HMT Ltd for setting up artificial intelligence clusters.

Officials aware of the plan said HMT has the second largest land bank in the country after the Indian Railways. The PSU once held close to 1,800 acres of land, of which around 1,100 acres is remaining across Hyderabad (Telangana), Bengaluru (Karnataka), Pinjore (Haryana) and Kalamassery (Kerala).