
Hyderabad: Amazon Web Services (AWS) announced a Rs 60,000 crore investment to develop data centres in Telangana, establishing the state as Asia’s largest data hub. These data centres will become key to the growth of artificial intelligence (AI)-based cloud services in the future.
Previously, AWS announced an investment of 4.4 billion dollars by 2030 to develop its cloud infrastructure in Telangana. The announcement was made at the World Economic Forum at Davos on Thursday, January 23, where the Telangana delegation is headed by chief minister Revanth Reddy.
It has already developed three centres in the state with an investment of one billion. These three centres are already operational. Amazon Web Services (AWS) has requested the state government to allocate the land required for its new expansion plans.
Following the agreement, Telangana chief minister A Revanth Reddy said, “It is a pleasure that global giants like Amazon are coming forward to make unprecedented investments in our state.”
On the same day, global investment and infrastructure company Blackstone signed a memorandum of Understanding with the Telangana government to develop a state-of-the-art data center in Hyderabad.