Amazon to Invest Rs 20,761 Crores in Telangana

November 06, 2020 15:30
Amazon to Invest Rs 20,761 Crores in Telangana

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Amazon to Invest Rs 20,761 Crores in Telangana:- Telangana's Minister for IT, Industries, MA and UD, KTR announced that a big announcement would be coming today. Top e-commerce giant Amazon decided to invest a whopping amount of Rs 20,761 crores in Telangana which happens to the biggest foreign investment in the history of the state. A series of meetings are conducted after which Amazon Web Services has finalized the investment of 2.77 billion USD which is equal to Rs 20,761 crores informed Minister KTR. Amazon will set up multiple data centers in the state very soon. The Amazon Web Services Cloud Hyderabad region is expected to be launched by the mid of 2022.

"Happy to announce the largest FDI in the history of Telangana! After a series of meetings, AWS has finalized an investment of ₹20,761 Cr ($ 2.77 Bn) to set up multiple data centers in Telangana. The @AWSCloud Hyd Region is expected to be launched by mid 2022. AWS choosing Hyderabad as their preferred destination speaks volumes about the Telangana govt and also the transparency in the system. This investment further strengthens relationships Telangana enjoys with Amazon" posted KTR on his official twitter page. As per the update, Amazon is keen to set up three Availability Zones in Hyderabad. They will have multiple data centers in separate locations within a region.

Jeff Barr, the Chief Evangelist for AWS wrote in his blog, “Today, I am happy to announce that the AWS Asia Pacific (Hyderabad) Region is in the works, and will open in mid-2022 with three Availability Zones. This will be our second region in India and our eleventh region in Asia, joining existing regions in Australia, India, Greater China, Japan, Korea, and Singapore. AWS customers are already making use of 77 Availability Zones across 24 regions worldwide. Today’s announcement brings the total number of global regions (operational and in the works) up to 29.”

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Amazon in Telangana  Telangana  Amazon  KTR  AWS