Amazon to invest $12.7 billion in AWS cloud business in India

Share via:

Amazon has announced plans to invest $12.7 billion in its cloud business, Amazon Web Services (AWS), in India by 2030. This move aims to scale up AWS infrastructure in the key overseas market, highlighting the company’s commitment to the Indian cloud industry. With this investment, Amazon projects the creation of 131,700 full-time jobs across various roles such as engineering, telecommunications, and construction.

This decision marks a significant increase from Amazon’s initial strategy, which stated a $4.4 billion investment in AWS in the South Asian economy. India, the world’s second-largest internet market, has experienced a substantial surge in cloud adoption across various industries in recent years, reflecting the sector’s strong growth. AWS holds a dominant position within the Indian market and serves notable customers including the Indian Ministry of Electronics and Information Technology, Axis Bank, HDFC Life, and Niti Aayog, among others.

Google and Microsoft have also expanded their cloud businesses in India, reflecting the overall growth potential of the Indian public cloud services market, which is projected to reach $13 billion by 2026, according to IDC.

In addition to the infrastructure development, AWS has been actively contributing to India’s digital transformation. Since 2017, the company has trained over four million individuals with cloud skills and invested in six utility-scale renewable energy projects to meet its global goal of 100% renewable energy by 2025.

This new investment reinforces Amazon’s commitment to India as a key overseas market. Over the past decade, the company has invested over $6.5 billion in India’s e-commerce sector. The substantial AWS investment surpasses the company’s spendings in its core e-commerce business.

The announcement aligns with the Indian government’s Digital India vision, which aims to expand cloud and data center infrastructure in the country. Rajeev Chandrashekhar, Minister of State for Electronics and Information Technology, Skill Development, and Entrepreneurship in India, welcomed the AWS investment, stating that it will catalyze India’s digital economy. The Ministry of Electronics and Information Technology (MeitY) is also working on a Cloud & Data Center Policy to promote innovation, sustainability, and growth in India’s cloud industry.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Amazon to invest $12.7 billion in AWS cloud business in India

Amazon has announced plans to invest $12.7 billion in its cloud business, Amazon Web Services (AWS), in India by 2030. This move aims to scale up AWS infrastructure in the key overseas market, highlighting the company’s commitment to the Indian cloud industry. With this investment, Amazon projects the creation of 131,700 full-time jobs across various roles such as engineering, telecommunications, and construction.

This decision marks a significant increase from Amazon’s initial strategy, which stated a $4.4 billion investment in AWS in the South Asian economy. India, the world’s second-largest internet market, has experienced a substantial surge in cloud adoption across various industries in recent years, reflecting the sector’s strong growth. AWS holds a dominant position within the Indian market and serves notable customers including the Indian Ministry of Electronics and Information Technology, Axis Bank, HDFC Life, and Niti Aayog, among others.

Google and Microsoft have also expanded their cloud businesses in India, reflecting the overall growth potential of the Indian public cloud services market, which is projected to reach $13 billion by 2026, according to IDC.

In addition to the infrastructure development, AWS has been actively contributing to India’s digital transformation. Since 2017, the company has trained over four million individuals with cloud skills and invested in six utility-scale renewable energy projects to meet its global goal of 100% renewable energy by 2025.

This new investment reinforces Amazon’s commitment to India as a key overseas market. Over the past decade, the company has invested over $6.5 billion in India’s e-commerce sector. The substantial AWS investment surpasses the company’s spendings in its core e-commerce business.

The announcement aligns with the Indian government’s Digital India vision, which aims to expand cloud and data center infrastructure in the country. Rajeev Chandrashekhar, Minister of State for Electronics and Information Technology, Skill Development, and Entrepreneurship in India, welcomed the AWS investment, stating that it will catalyze India’s digital economy. The Ministry of Electronics and Information Technology (MeitY) is also working on a Cloud & Data Center Policy to promote innovation, sustainability, and growth in India’s cloud industry.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Microsoft Expands Data Centre Footprint In India With Land...

SUMMARY The acquisition was made from the land aggregator,...

Report: Apple mulling potential partnership with Rivian

Earlier this year, Apple canceled its decade-long Project...

Tata Electronics Starts Exporting Semiconductor Chip Samples

SUMMARY The packaged chips are being sent to various...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!