Amazon.com Inc Cloud The accounting entity will invest 1.06 trillion rupees ($13 billion) in India by the end of this decade, doubling its previous investments to meet growing demand for such services in one of Asia’s fastest-growing economies.
This comes on top of its $6.5 billion investment in e-commerce in India, where the company has expanded rapidly over the years but faces a strict regulatory environment that forces it to only have one marketplace operate.
The latest investment will be used to build its cloud infrastructure in India and will support over 100,000 full-time positions annually, according to Amazon Web Services (AWS) said in a statement on Thursday. This brings the total planned investments in India to around US$16.4 billion by 2030.
The company already operates two data centers in the Indian subcontinent – one in Mumbai, which opened in 2016, and another in Hyderabad, which opened in 2022.
The cloud platform offers more than 200 services including storage, networking and artificial intelligence.
Amazon’s move comes at a time when India is stepping up efforts to attract more large-scale investments in the digital space to meet rising demand from businesses and government agencies for data storage and services.
According to market research provider IDC, India’s public cloud services market is expected to reach $13 billion by 2026 and grow at a CAGR of 23.1% over the period 2021-2026.
A host of global companies, including Microsoft Corp and Alphabet Inc’s Google, have increased their cloud investments in India in recent years as New Delhi seeks tighter oversight of big tech companies by pushing store data locally.
The country is currently drafting a cloud and data center policy to regulate the sector.
India’s broader tech sector has also attracted high-profile investment in recent months. US network equipment maker Cisco Systems announced earlier this month that it would start manufacturing in India to diversify its global supply chain, while Apple Inc. supplier Foxconn would invest $500 million to open plants in Telangana to build.
This comes on top of its $6.5 billion investment in e-commerce in India, where the company has expanded rapidly over the years but faces a strict regulatory environment that forces it to only have one marketplace operate.
The latest investment will be used to build its cloud infrastructure in India and will support over 100,000 full-time positions annually, according to Amazon Web Services (AWS) said in a statement on Thursday. This brings the total planned investments in India to around US$16.4 billion by 2030.
The company already operates two data centers in the Indian subcontinent – one in Mumbai, which opened in 2016, and another in Hyderabad, which opened in 2022.
The cloud platform offers more than 200 services including storage, networking and artificial intelligence.
Amazon’s move comes at a time when India is stepping up efforts to attract more large-scale investments in the digital space to meet rising demand from businesses and government agencies for data storage and services.
According to market research provider IDC, India’s public cloud services market is expected to reach $13 billion by 2026 and grow at a CAGR of 23.1% over the period 2021-2026.
A host of global companies, including Microsoft Corp and Alphabet Inc’s Google, have increased their cloud investments in India in recent years as New Delhi seeks tighter oversight of big tech companies by pushing store data locally.
The country is currently drafting a cloud and data center policy to regulate the sector.
India’s broader tech sector has also attracted high-profile investment in recent months. US network equipment maker Cisco Systems announced earlier this month that it would start manufacturing in India to diversify its global supply chain, while Apple Inc. supplier Foxconn would invest $500 million to open plants in Telangana to build.
