AWS, Amazon’s cloud-computing business, plans to spend $12,81 Billion to expand its data center infrastructure in India by 2030. Amazon Web Services said the move would support about 131,700 full-time jobs in India’s data center supply chain annually.
This is also part of Amazon’s long-term efforts to boost the global reach of its cloud services. The new plans come after AWS’s investment of around Rs 309 Billion in India from 2016 – 2022. The funds were used for the launching of two data center infrastructure regions in Mumbai and Hyderabad that allow customers to securely store data in the country and run workloads with low latency.
AWS is expanding its data center with the rise in individual use of social media, online gaming, and streaming apps calling for more sophisticated hardware, faster networks, better data storage options and increased data center services. Moreover, India is the market to be in given the country’s technologically sophisticated young, data centers will be in high demand as increasing reliance on digital gadgets generates enormous amounts of data. This has also been boosted by the Indian government’s recommendation to include data center services alongside roads, power plants, and roadways as examples of vital infrastructure to safeguard its citizens’ personal information better.
The Seattle-based tech giant’s cloud-computing arm AWS has hundreds of thousands of customers in India, including government entities such as the Ministry of Electronics and Information Technology, large companies including Axis Bank and HDFC Life, among others in public, private and nonprofit sectors. AWS, the largest cloud-computing provider in the U.S., provides services that allow customers, including many large businesses, to rent computing, storage and network capabilities.
It has been expanding its overseas footprint. AWS unveiled plans in October 2022 to invest more than $5 Billion over 15 years and in March, the company announced plans to invest $6 Billion in Malaysia over the same span.
Also Read: REVENUE UP, PROFITS DOWN: ANALYZING TECH MAHINDRA’S Q1 FINANCIAL RESULTS