Amazon Web Services to invest $12.7bn in India by 2030
Amazon Web Services (AWS), the Cloud division of Amazon, announced plans on Thursday to invest Rs 1,05,600 crore ($12.7 billion) in cloud infrastructure in India by 2030 in order to fulfil growing consumer demand for cloud services in the nation. This investment is expected to add Rs 1,94,700 crore ($23.3 billion) to India’s overall GDP by 2030.
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According to the corporation, the projected investment in data centre infrastructure in India will sustain an anticipated average of 1,31,700 full-time equivalent employment in Indian enterprises each year.
“Prime Minister Narendra Modi’s Digital India vision is driving the expansion of cloud and data centres in India,” said Rajeev Chandrashekhar, minister of state for electronics and information technology.
“I welcome Amazon Web Services’ (AWS) $12.7 billion investment in expanding their data centres in India.” It will undoubtedly accelerate India’s digital economy. “MeitY is also developing a Cloud and Data Centre Policy to catalyse India Cloud innovation, sustainability, and growth,” the minister stated.
In India, AWS has two data centre infrastructure regions: the AWS Asia Pacific (Mumbai) Region, which was opened in 2016, and the AWS Asia Pacific (Hyderabad) Region, which will be launched in November 2022. Between 2016 and 2022, AWS invested more than Rs 30,900 crore ($3.7 billion) in the AWS Asia Pacific (Mumbai) Region.
Moving to a cloud system hosted by a specialised company, such as Oracle, AWS, or SAP, is more cost effective for enterprises than building their own infrastructure of servers, hardware, and security networks, according to industry experts. It also lowers the total cost of ownership.
Businesses in the cloud industry pay solely for the specific services or resources that they utilise over time. In the post-Covid period, AWS’s business has grown rapidly. Its revenue hit $21.4 billion in the first quarter, up more than 16% year on year.
Our proposed investment will contribute to further positive spillover effects, assisting India on its journey to becoming a global digital powerhouse.
Puneet Chandok, AWS India and South Asia’s president of commercial business. Amazon Web Services has taught cloud skills to over four million people in India since 2017.
It unveiled a programme in February to help unemployed and underemployed IT professionals in India improve their skills and transition to mid-level cloud positions.
According to 451 Research, a division of S&P Global Market Intelligence, Indian companies and public sector organisations that transfer computing workloads from on-premises data centres to cloud infrastructure can expect to lower their energy use and associated carbon footprint by about eighty percent.
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