Scott Forshaw

Listen to Virgin Radio
Listen Live

Amazon's cloud unit to invest AED 47 billion in India by 2030

Thursday, 18 May 2023 08:22

By Reuters

Shutterstock [For illustration]

Amazon Web Services (AWS), the cloud computing division of Amazon.com, said on Thursday it plans to invest INR 1.06 trillion (AED 47 billion) in India by 2030, doubling down on its past investments to cater to an ever-growing demand.

The latest investment will be used to build its cloud infrastructure in India and it will support over 100,000 full- time jobs annually, AWS said.

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

AWS's total planned investment in India adds up to about AED 60 billion by 2030, the company said in a statement.

The cloud platform offers more than 200 services, including storage, robotics and artificial intelligence.

Amazon's cloud division has been investing in regions across the world to provide seamless connectivity. Earlier this year it said it plans to invest AED 22 billion in Malaysia by 2037.

 

Share

More from Business News

  • Nasdaq set to confirm bear market as Trump tariffs trigger recession fears

    The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20 per cent from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession.

  • Dana Gas and Crescent Petroleum exceed 500M boe in Khor Mor field

    UAE-based Dana Gas and Crescent Petroleum, alongside their partners in the Pearl Petroleum consortium, have said the cumulative production from their Khor Mor project, the largest non-associated gas field in Iraq, has exceeded 500 million barrels of oil equivalent (boe).

  • China to impose tariffs of 34% on all US goods

    China has announced a slew of additional tariffs and restrictions against US goods as a countermeasure to sweeping tariffs imposed by US President Donald Trump. The Finance Ministry said it would impose additional tariffs of 34 per cent on all US goods from April 10.

  • Shares bruised, dollar crumbles as Trump tariffs stir recession fears

    Stocks limped to the end of the week on Friday, the dollar was set for its worst week in a month while gold flirted with a record peak as investors feared US President Donald Trump's sweeping tariffs would tip the global economy into a recession.

On Virgin Radio today

  • Scott Forshaw

    10:00pm - 1:00am

    The Virgin Radio Weekend with Scott Forshaw

  • Non Stop Hits

    1:00am - 8:00am

    The UAE's #1 Hit Music Station with no interruptions

Trending on Virgin Radio

Our Shows

Text us on WhatsApp

More from VRD

Virgin, Virgin Radio and the Virgin Signature and Virgin Radio logos are trademarks of Virgin Enterprises Limited and are used under license.
For more information on Virgin Radio International visit www.virginradio.com

© 2025 ARN and Aiir. All Rights Reserved.