Amazon.com Inc.‘s (AMZN.O) cloud computing subsidiary will invest 1.06 trillion rupees ($13 billion) in India by the decade’s end to meet demand in one of Asia’s fastest-growing nations.
This is in addition to its $6.5 billion investment in e-commerce in India, where it has swiftly expanded but cannot operate exclusively as a marketplace due to strict regulations.
Amazon Web Services (AWS) said Thursday that its latest investment would enhance its cloud infrastructure in India and sustain over 100,000 full-time employees. By 2030, India’s anticipated investment is $16.4 billion.
In 2016, the business opened a data center in Mumbai; in 2022, it opened one in Hyderabad. Storage, networking, and AI are among the 200+ cloud services.
Amazon’s move comes as India seeks larger digital investments to meet corporate and government data storage and services demand. IDC expects India’s public cloud services market to reach $13 billion by 2026, growing 23.1% annually.
Microsoft Corp. (MSFT.O) and Alphabet Inc.’s (GOOGL.O) Google have increased cloud investments in India recently as New Delhi seeks greater oversight of Big Tech corporations by encouraging local data storage.
A cloud and data center policy is being drafted. In recent months, India’s wider IT sector has attracted high-profile investments. For example, Cisco Systems (CSCO.O) announced earlier this month that it would start manufacturing in India to diversify its global supply chain. At the same time, Apple Inc. (AAPL.O) supplier Foxconn(2317.TW) will invest $500 million to build operations in Telangana.
