Amazon Web Services (AWS) announced its plan to invest $12.7 billion (Rs 1,05,600 crore) into the cloud infrastructure in India by 2030 which is expected to create over 1 lakh jobs in the country.
The cloud computing unit of Amazon says the decision has been taken to meet the growing customer demand for cloud services in the country.
The company estimates that the planned investment can contribute around Rs 1,94,000 crore to the Gross Domestic Product (GDP) of India by the year 2030.
Puneet Chandok, President of Commercial Business, AWS India and South Asia, “Our planned investment of INR 1,05,600 crores by 2030 will help create more beneficial ripple effects, supporting India on its path to becoming a global digital powerhouse.”
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With the announcment of new investment, AWS total investment in the country has now reached around Rs 1,36,000 crore. Between 2016-22, it had invested Rs 30,900 crore.
Rajeev Chandrashekhar, Minsiter of State For Information Technology, said, “I welcome the Amazon Web Services (AWS) investment of $12.7 billion to expand their data centers in India. It will certainly catalyze India’s digital economy.”
AWS runs two data centres in the country, one in Mumbai and the other in Hyderabad.
The platform offers over 200 services which include storage, robotics and Artificial Intelligence.
This comes amid growing interest among firms to invest in the the Indian economy. Apple’s supplier Foxconn had recently announced a new plant in Telangana, investing $500 million in the project.
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According to a Reuters report, the Indian government has also been pushing foreign big tech firms to create facilities to store data locally. The government is also drafting a new policy for cloud and data centres to oversee the sector.
