Telangana Minister for IT and Industries KT Rama Rao said on Friday that Amazon Web Services (AWS – the cloud platform by the e-commerce giant) will be investing Rs. 20,761 crore (US $ 2.77 billion) in Telangana to set up multiple data centres.
The Minister also added that it is the largest Foreign Direct Investment (FDI) ever experienced in the history of the state.
Expressing his delight on the current development, KT Rama Rao wrote on his Twitter page, “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.”
It must be noted that AWS is investing to set up an AWS Region with three Availability Zones (AZs) in the state, underlined a press release issued by the Minister of IT & Industries of Telangana.
The release also stated that Rama Rao had met Amazon Web Services officials during his Davos visit earlier this year, and subsequently managed to close the investment deal quite swiftly.