Amazon Web Services (AWS) will invest $12.7 billion (around Rs. 1.05 lakh crore) by 2030 on cloud related infrastructure in India. The company is making this investment to meet the growing demand of customers in cloud services.
Amazon’s cloud computing unit said in a statement released on Thursday that it would invest $12.7 billion by 2030. With this, the total investment in India by 2030 is estimated to reach Rs. 1,36,500 lakh crore ($16.4 billion), reported HS.
The investment in data center infrastructure is expected to create an average of 1,31,700 full-time jobs annually in the Indian business, the company said. According to the statement, the jobs that will be created by this investment include sectors like construction, engineering, telecommunications and others.
It is noteworthy that Amazon Web Services is a subsidiary of Amazon, which provides cloud computing platform on demand to individuals, companies and governments. The company has invested $3.7 billion (around Rs. 30,900 crore) from 2016 to 2022.
The cloud platform offers more than 200 services, including storage, robotics, and artificial intelligence. The proposed investment comes as India steps up efforts to attract more big-ticket investments. Chief Executive Officer of AWS, Adam Selipsky said, India is an incredibly energised, high growth market.
Earlier this month, Cisco Systems had also announced that it would begin manufacturing in India to diversify its global supply chain, while Apple Inc supplier Foxconn will invest 500 million dollars to establish operations in Telangana.
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