Technology
Amazon Web Services Unveils $12.7 Billion Investment For India's Cloud Infrastructure By 2030
Amazon Web Services (AWS)
On Thursday, Amazon Web Services (AWS) announced a $12.7 billion investment in India's cloud infrastructure by 2030, in response to the increasing demand for cloud services.
The investment will help generate around 131,700 full-time equivalent (FTE) jobs per year for Indian businesses.
With this addition, AWS' cumulative investment in India will reach $16.4 billion by 2030. The company had already injected $3.7 billion between 2016 and 2022, which contributed to the annual support of 39,500 full-time equivalent (FTE) positions in Indian businesses.
Adam Selipsky, the recently appointed CEO of Amazon Web Services, considers India a "bright spot" during the current global uncertainty, reports Economic Times.
In an interview with ET that India has considerable potential for greater adoption of cloud computing by both businesses and the government, despite many companies becoming more conservative.
“We see digital innovation proceeding really rapidly in India. I was just incredibly impressed by the amount of activity I saw when I was there (in April).
"I know the government is trying to build a trillion-dollar digital economy by 2025, on the way to a $5 trillion economy over the next few years. And, embracing cloud technology is critical for India to realise those ambitions,” he said.
Globally, cloud-based IT spending is still limited. Adoption among Indian enterprises and public sector customers is in the early stages, according to him.
Amazon Web Services (AWS) currently hosts India's two largest digital public infrastructures:
DigiLocker, a document storage network and
Cowin, a vaccination platform.
AWS runs two data center infrastructure regions in India, the AWS Asia Pacific (Mumbai) Region launched in 2016 and the AWS Asia Pacific (Hyderabad) Region, which recently launched in November 2022.
“The appetite, the willingness, and the ability to export a lot of innovative solutions that are being built in India (is amazing). And you can see their applicability worldwide for the public and private sectors," Selipsky said, as per the report, responding to a question on the possibility of exporting digital public goods made out of India.
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