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Amazon Web Services Bets Big On India with $8.2 Billion Cloud Investment

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Amazon.Com Inc (NASDAQ:AMZN) cloud unit Amazon Web Services looks to invest $8.2 billion in India’s western state of Maharashtra over the next few years, Reuters cited the Indian information technology minister Ashwini Vaishnaw Monday.

Vaishnaw told Reuters that the investments will roll out by 2029-2030.

Amazon plans to deploy its graphics processing units, latest technologies, and cloud management services in India.

It runs two data centers in the Indian subcontinent, one in Mumbai, launched in 2016, and another in Hyderabad, which started in 2022.

Also Read: Amazon Unveils Ocelot Quantum Chip After Microsoft, Aims to Slash Error Correction Costs by 90%

International Data Corp expects the Indian cloud services market to grow to $24.2 billion by 2028 from $8.3 billion in 2023.

In 2023, Amazon shared plans to invest $12.7 billion to bolster its cloud infrastructure …

Full story available on Benzinga.com

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