Amazon's cloud computing unit will invest $13 billion (£10.5bn) in India by the end of this decade, doubling down on its past investments to cater to the growing demand for such services in one of Asia's fastest-growing economies.
This comes on top of its $6.5bn (£5.2bn) investment in e-commerce in India, where it has rapidly expanded over the years but faces a strict regulatory environment that forces it to run only a marketplace.
The latest investment will be used to build its cloud infrastructure in India and will support over 100,000 full-time jobs annually, Amazon Web Services (AWS) said in a statement on Thursday (18). With this, the total planned investment in India adds up to about $16.4bn (£13.2bn) by 2030.
The company already runs two data centers in the Indian subcontinent - one in Mumbai which was launched in 2016, and another in Hyderabad, which started in 2022.
The cloud platform offers more than 200 services, including storage, networking and artificial intelligence.
Amazon's move comes as India steps up efforts to attract more big-ticket investments in the digital space to address the spike in demand for data storage and services from corporate and government bodies.
India's public cloud services market is expected to touch $13bn (£10.5bn) by 2026, climbing at a compound annual growth rate of 23.1 per cent for 2021-26, according to market intelligence provider IDC.
A host of global companies, including Microsoft and Alphabet Inc's Google, have ramped up cloud investments in India in recent years amid New Delhi's push to gain stricter oversight of Big Tech firms by nudging to store data locally.
The country is currently drafting a cloud and data center policy to regulate the sector. India's broader tech sector, too, has attracted high-profile investments in recent months.
US networking equipment maker Cisco Systemsearlier this month said it would start manufacturing from India to diversify its global supply chain, while Apple Inc supplier Foxconn will invest $500m (£402m) to set up plants in the southern Indian state of Telangana.
(Reuters)
NS-31 astronauts celebrate at the crew capsule after a successful flight to spaceBlue Origin
Astronaut Dr. Richard Scott during training at Launch Site OneBlue Origin
New Shepard booster separates from crew capsule during NS-29Blue Origin
Astronaut Gayle King celebrates a successful mission to spaceBlue Origin
Astronaut Jesús Calleja at apogeeBlue Origin
Astronaut Elaine Chia Hyde at apogeeBlue Origin
Astronaut Elaine Chia Hyde during training at Launch Site OneBlue Origin
New Shepard lifts off from Launch Site One Blue Origin
The New Shepard booster nears touchdown during NS-29Blue Origin
New Shepard on the launch pad prior to NS-31Blue Origin