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Amazon to invest Rs 20,761 crore to build AWS Cloud centre in Telangana, KTR says biggest FDI in state history [Video]

Amazon's latest round of investment is an important one after its first one that allowed the company to pour $6.5 billion into India.

Highlights

  • Amazon will invest about $2.77 billion to build AWS Region centre in Hyderabad.
  • This will be the second data centre facility in India.
  • Amazon will expectedly finish the data centre by mid-2022.

Amazon is doubling down on its India investments with the latest announcement on its Amazon Web Services. The cloud wing of the Jeff Bezos-owned company will invest Rs 20,761 crore (nearly $2.77 billion) to set up the largest cluster of data centres in the state of Telangana. The AWS Cloud for Hyderabad region will launch as early as mid-2022, said Telangana's top minister KT Rama Rao on Friday.

Rao and Amazon jointly announced the new project that will form the second such facility in India while joining the nine AWS Regions in Asia. Other AWS Regions are located in Australia, Greater China, Japan, Korea, …

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Congress Sets Stage for Exiling Chinese Stocks From U.S. Over Audit Dispute [Video]

The House unanimously approved legislation that threatens a trading ban of shares of Chinese companies, such as Alibaba, over concerns that their audits arent sufficiently regulated.

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ASB MAGAZINE: Two-time world champion surferJohn John Florence, in partnership with Clif Bar, has released a new documentary film Tokyo Rising, through Amazon Prime Video.Tokyo Risingchronicles Florences 2019 professional surfing season and quest to earn a position on the inaugural Team USA Olympic surf team. With Kelly Slater on his heels, Florence is faced with a high-stakes decision five months after reconstructive surgery on his ACL. The battle for Olympic qualification comes down to the Pipe Masters on Oahus North Shore.