The Maharashtra government has bagged an investment of around $8.3 billion from hyperscaler major Amazon Web Services’ (AWS) larger $12.7 billion investment plan to develop cloud infrastructure in India by 2030.
The investment comes at a time when the competition between global hyperscalers is intensifying to cater to the growing demand for cloud services and artificial intelligence (AI) in the region.
A memorandum of understanding (MoU) was signed in Davos to formalise the plan. The investment is expected to contribute $15.3 billion to India’s gross domestic product (GDP) and support more than 81,300 full-time jobs annually in the local data centre supply chain by 2030, AWS said.
“AWS's decision to set up its operations in the Mumbai Metropolitan Region is a pivotal moment for Maharashtra,” Maharashtra chief minister Devendra Fadnavis said in Davos where he is participating in the annual meeting of World Economic Forum.
“As we fulfill our vision of becoming a global capital for data centers, this collaboration will not only bolster our state's technological infrastructure, but also create new opportunities for innovation, economic growth, and job creation.” His government was committed to fostering a conducive environment for such transformative investments and driving Maharashtra's digital future forward, he said.
“At AWS, we see tremendous potential for India’s digital economy to thrive for years to come with the growing demand for cloud and artificial intelligence. This is why we plan to invest $8.3 billion into cloud infrastructure in Maharashtra by 2030,” David Zapolsky, Senior Vice President, Global Public Policy and General Counsel, Amazon, said.
AWS has already invested more than $3.7 billion in its cloud infrastructure in Maharashtra. Its first data centre in India was built in Mumbai in 2016 and the second one in Hyderabad.
The development comes on the heels of rival Microsoft planning to invest $3 billion in cloud and AI infrastructure and skilling over the next two years.
The investment will include setting up new data centres. The company has three data centre regions in India with the fourth region expected to go live in 2026.
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