E-commerce leviathan Amazon is going to invest $2.77 billion, or about Rs. 20,761 crore, to build three AWS (Amazon Web Services) data centres in Hyderabad.
This will be the biggest FDI ever in Telangana.
Telangana IT Minister K T Rama Rao today made the announcement on Twitter.
He tweeted that he was happy to announce that Amazon, after a series of meetings, had given the nod for the big investment in the state.
"Happy to announce the largest FDI in the history of Telangana! After a series of meetings, AWS has finalized investment of Rs 20,761 Cr ($ 2.77 Bn) to set up multiple data centers in Telangana. The @AWSCloud Hyd Region is expected to be launched by mid 2022 #HappeningHyderabad (sic)," the minister tweeted.
"For those that are unaware Amazon's largest campus in the world (3 Mn Sq Ft) & their largest FC in Asia are also located in Hyderabad. All this in last 4 years. A reflection of how well the partnership of Amazon & Telangana have grown from strength to strength (sic)," he added in another tweet.
This will be the second AWS region in India, after Mumbai.
AWS offers infrastructure for other companies to host their software applications (the "cloud").
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