Amazon’s cloud computing unit has disclosed that the company will have invested 1.06 trillion rupees ($13 billion) in India, by 2030.
This comes as the corporation doubles down on previous investments to meet the increasing demand for such services in one of Asia’s fastest-growing economies.
Amazon Web Services said in a statement on Thursday that the latest investment will be used to enhance its cloud infrastructure in India and will support over 100,000 full-time employees yearly.
After a $6.5 billion investment in e-commerce in India, the overall planned investment in India amounts to approximately $16.4 billion by 2030.
The company already has two data centres in the Indian subcontinent: one in Mumbai, which opened in 2016, and another in Hyderabad, which opened in 2022.
The cloud platform provides over 200 services, such as storage, networking, and artificial intelligence.
Amazon’s move comes as India ramps up efforts to lure more large-scale investments in the digital domain in order to meet the increased demand for data storage and services from corporations and governments.
According to market research firm IDC, India’s public cloud services industry is predicted to reach $13 billion by 2026, growing at a compound annual growth rate of 23.1% between 2012 and 2026.
As Microsoft, Google, and Cisco ratchet up intentions to invest in the Southern Asian country, India is quickly becoming an investment hotspot.