Amazon says it plans to invest a staggering $12.7 billion in the cloud business in India by 2030 in an ambitious move to scale up the infrastructure of Amazon Web Services (AWS) infrastructure in key overseas markets.

The news comes after the company laid off 500 employees in its AWS cloud segment in India due to a slowdown in its cloud business. The new investment follows AWS' previous investment of $3.7 billion between 2016 and 2022, bringing Amazon's total investment in India's cloud market to $16.4 billion by 2030.

Notably, this massive investment is expected to generate significant employment opportunities, supporting approximately 131,700 full-time jobs across various sectors such as engineering, telecommunications, and construction and an overall positive ripple effect on the local economy.

Currently, Amazon maintains two data centre regions in India, namely AWS Asia Pacific (Mumbai) and AWS Asia Pacific (Hyderabad). Its cloud division boasts a dominant position in the market with an impressive clientele that includes prominent organizations such as the Indian Ministry of Electronics and Information Technology, Axis Bank, HDFC Life, BankBazaar, Niti Aayog, PhysicsWallah, and Acko.