World

Amazon Plans To Invest $12.7 Billion In Cloud Computing In India By 2030

Amazon.com Inc., like other global tech companies, is placing a bet on the expansion of the digital economy in the South Asian country by committing $12.7 billion to cloud infrastructure in India by 2030.

According to a statement released on Thursday, the US company’s cloud division, which operates data centres in the Mumbai and Hyderabad regions, has already committed $3.7 billion to India between 2016 and 2022. The new expenditure will cover costs for building, server computers, and telecommunications equipment.

While Wall Street banks and international insurers have long had tech centres in the nation, international tech businesses from Apple Inc. to Netflix Inc. are expanding there with services like video streaming and online retailing. These companies are helping the Indian cloud services market, which according to researcher IDC is expected to grow at an average annual pace of 23% and reach $13 billion in 2026.

Amazon said that since 2017, it had invested in six utility-scale renewable energy projects and trained more than 4 million individuals in India in cloud computing skills to support its web services business.

Bharat Express English

Recent Posts

Delhi High Court Stays Appointment Of Anilkumar Prabhakaran As AIFF General Secretary

The Delhi High Court has stayed the appointment of Anilkumar Prabhakaran as the General Secretary…

33 mins ago

MCOCA Case: Delhi High Court To Hear Naresh Baliyan’s Bail Plea On April 9

The Delhi High Court will hear the bail plea of former AAP MLA Naresh Baliyan…

47 mins ago

SC Upholds Rajasthan’s Electricity Regulations; Dismissing Power Companies Plea

The Supreme Court has granted a major relief to the Rajasthan government by upholding the…

13 hours ago

SC Expresses Concern Over Rising Trend Of False Rape Cases On Marriage Promises

The Supreme Court has expressed concern over the rising tendency to register rape cases based…

14 hours ago

Adani Ports Mundra Sets National Record With Historic 200 MMT Cargo Handling Milestone

Adani Ports & Special Economic Zone set a national record by handling 450 MMT of…

14 hours ago

SC Seeks Response On Vikas Yadav’s Bail Plea In Nitish Katara Murder Case

SC issues notice to UP govt, Neelam Katara on Vikas Yadav’s interim bail plea in…

14 hours ago