Amazon Web Services (AWS), the cloud computing division of the e-commerce titan, Amazon, has unveiled plans to inject an additional $12.7 billion into India’s cloud infrastructure by 2030. This strategic move is aimed at meeting the surging demand for cloud services across the country.
This investment would elevate AWS’s cumulative financial commitment in India to an impressive $16.4 billion by 2030, inclusive of the prior $3.7 billion invested between 2016 and 2022. This funding has already facilitated the establishment of data centre infrastructures in two key regions of India, Mumbai and Hyderabad.
Puneet Chandok, President of Commercial Business for AWS India and South Asia, stated that AWS has invested billions since 2016 in Indian cloud infrastructure to champion the country’s significant digital transformation growth. “Our commitment to India is steadfast and extends beyond economics, as we strive to foster positive social change in the country,” he added.
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AWS’s investment is projected to contribute $23.3 billion to India’s GDP by 2030 and generate roughly 1,31,700 full-time job equivalents in Indian firms annually. As companies across different sectors in India increasingly adopt cloud services, AWS, the leading player in the cloud computing market, continues to expand its customer base, which includes notable entities such as the Ministry of Electronics and Information Technology, Aarogyasri Health Care Trust, Ashok Leyland, Axis Bank, HDFC Life, and Titan.
Rajeev Chandrashekhar, Minister of State for Electronics and IT, Skill Development and Entrepreneurship, highlighted the importance of cloud and data centre infrastructure to India’s digital ecosystem, adding that AWS’s investment would boost India’s digital economy. MeitY is also devising a Cloud & Data Centre Policy to foster innovation, sustainability, and growth within the Indian cloud sector.
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This pledge to fortify its investment in India comes on the heels of AWS’s fifth consecutive quarter of sales decline, as global customers reassess their cloud expenses amid challenging economic times. In a cost-cutting measure, Amazon has also closed some business units and announced workforce reduction plans in the past year.
This news was first reported by YourStory.
