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Amazon Web Services (AWS) announced on Thursday i.e., May 18, 2023, that India will invest US$13 billion over the next five years. The investment from Amazon's cloud business will be used to build new data centers and expand existing ones, as well as to hire more employees.
The top cloud business platform in the world is AWS, which offers more than 300 services that companies use to store data, execute apps, and create new products. The new investment would enable the business, which has recently increased its footprint in India, to fulfill the country's rising demand for cloud services.
Amazon's cloud computing services are highly sought after in India, where the business has been making significant investments. Amazon's Cloud business launched its first data center in India in 2016; since then, it has added two more. Over 10,000 people work for the company in India, where it also has a sizable staff.
By increasing its cloud infrastructure in India, Amazon Web Services would be able to accommodate the rising demand for cloud services from businesses and governmental organizations. Additionally, the investment will support job growth and the Indian economy.
AWS's investment will benefit India in several ways. It will first aid in job creation. Over 10,000 employments have already been created by AWS in India, and it is anticipated that the increased investment would result in thousands more.
Second, by boosting the Indian economy, the investment will be beneficial. The new investment is anticipated to bring in billions of dollars in revenue for India, which depends heavily on AWS.
Third, by attracting more foreign investment, India will become a more desirable location. AWS is a leader in cloud computing globally, and by investing in India, it would let other businesses know that the country is an excellent place to do business.
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