Eros Investments has inked a Memorandum of Understanding (MoU) with the Gujarat government to establish an AI (artificial intelligence) park in GIFT City called Immerso AI Park.

This project which will be established with an investment of Rs 16,000 crore is anticipated to open by mid-2025.

Phase 1 of the AI Park, expected to be operational by mid-2025, will encompass the AI university and the initial phase of the AI cloud, catering to both public and private commercialization needs.

The strategic framework of Immerso AI Park is rooted in ethical AI, leveraging the world’s largest archive, training data, and tokens.

This foundation aims to construct native models across various industry verticals, serving as a platform for academia, the startup ecosystem, and large-scale enterprise technology companies, as outlined in an official statement.