Amazon Web Services (AWS) will invest a whopping Rs 1.05 trillion ($12.7 billion) in cloud infrastructure in India by 2030.
The cloud services arm of e-commerce giant Amazon is looking to heft its presence toto meet the growing customer demand for cloud offerings in the country.
It said the investments will support 1.31 lakh jobs in Indian businesses across the data centre supply chain. “These positions, include construction, facility maintenance, engineering, telecommunications and other jobs,” an AWS statement said.
Besides the investments will generate Rs 1.94 trillion in gross domestic product by 2030.
AWS has already invested Rs 30,900 crore ($3.7 billion) in India between 2016 and 2022.
With the proposed investment, AWS’s total investment will reach Rs 1.36 trillion ($ 16.4 billion) by 2030.
AWS has two data center infrastructure regions in India – the AWS Asia Pacific (Mumbai) Region, launched in 2016, and the AWS Asia Pacific (Hyderabad) Region, launched in November 2022.
The company has also expanded its infrastructure to local zones in Delhi and Calcutta last year and two more zones are expected in Chennai and Bangalore.
“Since 2016, AWS has invested billions of dollars into cloud infrastructure in India to support the tremendous growth we have witnessed in the use of cloud for digital transformation,” said Puneet Chandok, president of commercial business, AWS India and South Asia.
“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 per cent renewable energy goal by 2025,” he said.
India is looking to attract big ticket investments in the digital space to address the spike in demand for data storage services from corporates and government bodies.
India’s public cloud services market is expected to touch $13 billion by 2026, with a compounded annual growth rate of 23.1 per cent for 2021-26, according to market intelligence provider IDC.
A host of global companies, including Microsoft Corp and Alphabet Inc’s Google, have ramped up cloud investments in India in recent years.
