Amazon Web Services (AWS) has announced its plans to invest over 12.7 billion USD into cloud infrastructure in India by 2030 to fulfil client needs.
The company on May 18 announced its commitment to invest 12.7 billion USD (over Rs. 1 lakh crores) into India's cloud infrastructure by 2030 in its efforts to meet growing client needs for cloud services.
The investment is expected to contribute nearly 23.3 billion USD to India's GDP by the end of the decade, said the US tech giant.
Moreover, the investment in data centre infrastructure in the country will reportedly create an estimated average of 131700 full-time equivalents (FTE) jobs in Indian businesses each year.
These positions, including construction, facility maintenance, engineering, telecommunications, and other jobs, are part of the data center supply chain in the country.
Citing India as a 'high growth market', AWS CEO Adam Selipsky said he expects it to embrace cloud technology to reach its goal for a 5 trillion USD economy as the company has already invested Rs. 30900 crores (3.7 billion USD) since 2016 till last year.
AWS has two data centre infrastructure regions in the country, the AWS Asia Pacific region, launched in 2016 in Mumbai, and the AWS Asia Pacific region, launched in November 2022 in Hyderabad.
According to Selipsky, India remains a "bright spot", amid a period of unprecedented global uncertainty, where businesses are increasingly turning conservative.
There is significant scope for greater adoption of cloud computing by both Indian businesses and the government, he told a news agency in a virtual interview.
