AWS to invest $12.7 billion in India’s cloud infrastructure by 2030
Amazon has announced plans to invest $12.7 billion into its cloud business in India, a major upscale from its initial plan to pour $4.4 billion into the country’s economy. The announcement comes even after Amazon pulled back on a few business ventures in the country including its e-commerce platform.
The cloud giant has already invested $3.7 billion into the country and currently runs two data centres in the region. With this new investment, the company hopes to create 131,700 full-time jobs across different fields including engineering, telecommunications, and construction.
India boasts of the second-largest number of internet users and businesses in the country have been increasingly shifting to the cloud. Amazon is already a major player in the country with a whole range of high-profile clients including the Indian Ministry of Electronics and Information Technology, Axis Bank, HDFC Life, BankBazaar, Niti Aayog, Physics Wallah and Acko.
“AWS is committed to driving positive social and economic impact in India. In addition to building cloud infrastructure and helping local customers and partners digitally transform, we have trained more than four million people in India with cloud skills since 2017, and invested in six utility-scale renewable energy projects to meet our global 100% renewable energy goal by 2025,” said Puneet Chandok, president of commercial business at AWS India and South Asia, in a statement.
The overall Indian public cloud services market is expected to reach $13 billion by 2026, according to researcher IDC. Microsoft and Google who already have a presence in the country have also doubled on their investment in the country to get a slice of this growing market.
The Indian government has welcomed the investment noting that it’s exactly what India’s digital economy needs.
“India cloud and the underlying data center infrastructure are important elements of India’s digital infrastructure and ecosystem. I welcome the Amazon Web Services investment of $12.7 billion to expand their data centers in India. It will certainly catalyze India’s digital economy. MeitY is also working on a Cloud & Data Center Policy to catalyze innovation, sustainability, and growth of India cloud.”