Amazon.com Inc plans to invest Rs 1,05,600 crore in India’s cloud infrastructure by 2030 to scale up its AWS business in the key overseas market. The move proves the confidence of global tech giants in the growth of India’s digital economy. The fresh outlay will include spending on construction, server computers and telecommunications infrastructure. The investment is expected to generate more than 1,30,000 jobs.
Amazon’s cloud unit, AWS, currently leads the cloud market in India and boasts an impressive clientele that includes prominent names such as Axis Bank, HDFC Bank, Niti Aayog, PhysicsWallah, and Acko. Amazon said it has trained more than 4 million people in India with cloud skills to fuel its web services business since 2017 and invested in six utility-scale renewable energy projects.
It operates data centres in Mumbai and Hyderabad and has already invested $3.7 billion in AWS infrastructure in India between 2016 and 2022. In the cloud market, Google has two cloud regions in India, whereas Microsoft has three. This fierce fight highlights the importance of the Indian market for these computer behemoths as they compete for domination in the fast-rising cloud computing industry.
The company is doubling down on its commitment to India. Just last year, Amazon intended to invest $4.4 billion in AWS for the country. With this substantial infusion of capital, Amazon aims to strengthen its position in India’s cloud market and further solidify its dominance.