Amazon Web Services pledges to invest $8.3B in Maharashtra
What's the story
Amazon Web Services (AWS) has announced a massive investment of $8.3 billion in Maharashtra in the coming years.
The announcement was made by Sandeep Dutta, President of India and South Asia at AWS, during a meeting with Union Minister for Electronics and Information Technology, Ashwini Vaishnaw today.
The investment will strengthen AWS's infrastructure in India and bring advanced technologies into the country.
Investment details
Boost to India's cloud computing capabilities
The investment from AWS will enhance the company's infrastructure in India, deploying advanced graphical processing units (GPUs).
Vaishnaw said AWS plans to set up state-of-the-art computing facilities and cloud management services as part of this investment.
This would put the firm in a position for substantial growth in the Indian market.
Economic growth
Government optimistic about AWS's investment impact
Vaishnaw was optimistic about how AWS's investment would create jobs in India.
He said, "With this investment, we expect considerable employment growth in India in the coming years."
The announcement comes in response to the rising demand for cloud services in India, which is witnessing a growing digital economy and increasing tech adoption across sectors.
Tech growth
Maharashtra's tech hub status to be boosted
AWS's commitment to invest in Maharashtra is likely to bolster the state's position as a tech hub. Not to mention, it will also play a major role in India's economic growth.
The announcement comes just days after Maharashtra's Chief Minister Devendra Fadnavis revealed that Tata Sons will design the master plan for the state's AI-powered 'Innovation City.'