What are AWS’ expansion plans for India?

We've already invested $3.7 billion in India between 2016 and 2022. A lot of that was in our first big infrastructure region in Mumbai. We now plan to invest an additional $12.7 billion in our local cloud infrastructure in India by the year 2030. And so that cumulatively is $16.4 billion and we’re very pleased and excited by that. It'll add over $23 billion to the Indian GDP by 2030.

That's substantial and we're really excited. A lot of that investment will be in our new Hyderabad infrastructure region that we launched last year, as well as growing the Mumbai infrastructure region that was launched in 2016.

Is the Indian market looking like a bright spot when Europe and US markets are slowing?

India has absolutely remained an incredibly energised, high growth market. We see digital innovation proceeding really rapidly in India. I was just incredibly impressed by the amount of activity I saw when I was there (in April). I think it’s exciting times for India's economy. I know the government's played a role in setting a lot of those wheels in motion. They’re trying to build a trillion dollar digital economy by 2025, on the way to a $5 trillion economy over the next few years. And embracing cloud technology is critical for India to realise those ambitions.

Can you give us details of how you will direct your proposed $ 12.7 billion investment in India?

It will be a variety of investments as business in India continues to grow rapidly. We're just seeing so much demand from many different sectors from Indian enterprises driven with our conjunction with our great partners. And more and more government workloads as we participate with the National Digital pillars. I expect and hope those pillars will grow rapidly.

How far has the slowdown in tech investments impacted cloud growth? How do you expect 2024 to turn out?

Well, there’s no doubt that it’s been a crazy few years, with the pandemic starting in 2020. And then with the war in Ukraine, just a little bit over a year ago. The economic uncertainty that drove the changes in energy prices, change in interest rates and inflation, it's been a very unusual time. A lot of people have told me, they’ve seen better times, they've seen worse times, but they've never seen more uncertain times.

 

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