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Amazon Web Services (AWS) Announced (18 May 2023) _____ Billion Investment in India's Cloud Infrastructure by 2030.
A)
$10.7 Billion
B)
$12.7 Billion
C)
$15.7 Billion
D)
$17.7 Billion

Correct Answer :   $12.7 Billion


Amazon Web Services (AWS) on Thursday (18th May 2023) announced plans to invest Rs 1,05,600 crore (USD 12.7 billion) into cloud infrastructure in India by 2030 as it looks to meet growing customer demand for cloud services in the country.

* The planned investment in data centre infrastructure in India will support an estimated average of 1,31,700 full-time equivalent (FTE) jobs in Indian businesses each year, Amazon's cloud computing unit AWS said in a statement.

* These positions, including construction, facility maintenance, engineering, telecommunications, and other jobs, are part of the data centre supply chain in India.

* AWS said it plans to invest Rs 1,05,600 crore (USD 12.7 billion) into cloud infrastructure in India, and added its long-term commitment in India will reach Rs 1,36,500 crore (USD 16.4 billion) by 2030.

* This follows AWS' investment of Rs 30,900 crore (USD 3.7 billion) between 2016 and 2022.

* "This investment is estimated to contribute Rs 1,94,700 crore (USD 23.3 billion) to India's total gross domestic product (GDP) by 2030,"

* AWS added that its investment in India has a ripple effect in the local economy in areas such as workforce development, training and skilling opportunities, community engagement, and sustainability initiatives...

Source : Outlook India

Published On : May 19, 2023
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