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Microsoft to invest $17.5 Bn in India to expand cloud and AI infrastructure

EntrackrEntrackr ยท -5888s ago
Microsoft to invest $17.5 Bn in India to expand cloud and AI infrastructure
Medial

Snippets Microsoft to invest $17.5 Bn in India to expand cloud and AI infrastructure Microsoft is planning to invest $17.5 billion in India as part of its long-term strategy to scale its cloud and artificial intelligence operations in the country, according to a statement by CEO Satya Nadella. The investment is expected to be deployed across data centres, AI infrastructure, skilling programmes, and partnerships with enterprises and startups. Microsoft has not disclosed a specific timeline for the full investment rollout. The company continues to expand its presence through partnerships with Indian firms, startups, and government agencies. This commitment follows Microsoftโ€™s earlier announcement of a $3 billion investment for India over two years to expand its cloud and AI footprint. The latest disclosure indicates that India will remain a central market for Microsoftโ€™s global growth strategy in enterprise software, cloud services, and artificial intelligence. The company currently operates multiple data centres in India and serves a large base of enterprises, developers, and government clients through its Azure cloud platform. The fresh capital is expected to support new infrastructure buildouts, higher computing capacity, and expanded AI model deployment across industries such as banking, retail, manufacturing, healthcare, and public services. The move comes at a time when global technology firms are increasing capital allocation toward AI training infrastructure, high-performance computing, and data centre networks.

Amazon to invest over $35 Bn in India by 2030

EntrackrEntrackr ยท -5941s ago
Amazon to invest over $35 Bn in India by 2030
Medial

Amazon has announced plans to invest more than $35 billion in India by 2030, according to multiple media reports. The investment will be made over the next five years and spans the companyโ€™s e-commerce, cloud computing, logistics, and digital services businesses in the country. With this commitment, Amazonโ€™s cumulative investment in India is expected to reach nearly $75 billion, including the approximately $40 billion it has already invested since 2010. The company said the fresh capital will be deployed across Amazon Web Services, fulfilment infrastructure, last-mile delivery, data centres, and AI-led initiatives. Amazon added that the investment will also support its seller ecosystem and exports program, which enables Indian sellers to sell globally through the platform. Amazon said it aims to support around 15 million small businesses in India by integrating artificial intelligence tools into their operations and expects the investment to contribute to the creation of about one million jobs by 2030. Amazon operates multiple business verticals in India, including its marketplace, Prime Video, AWS cloud services, payments, and logistics. The company has also expanded its data centre and fulfilment network across several states to support growing demand. India remains one of Amazonโ€™s key international markets, with the company continuing to invest in infrastructure, technology, and local sellers as part of its long-term operations in the country. The announcement comes a day after Microsoft said it would invest $17.5 billion in India over the coming years to expand its AI and cloud infrastructure footprint. Meanwhile, Google has already committed to invest $15 billion in India over the next five years.

Hyundai to launch $3 bn India IPO next week, targets $19 bn valuation

VCCircleVCCircle ยท 1y ago
Hyundai to launch $3 bn India IPO next week, targets $19 bn valuation
Medial

- Hyundai's India IPO is set to open for subscriptions next week, aiming for a valuation of up to $19 billion. - The IPO will be Hyundai's first stock market listing outside South Korea and the first carmaker IPO in India in two decades. - The $3 billion IPO will be available for institutional investors from Oct. 14, with bids from retail and other categories accepted from Oct. 15-17. - At the upper end of the price range, Hyundai will be valued at approximately $19 billion, with trading scheduled to start on Oct. 22. - Hyundai plans to regain market share in India through the expansion of its SUV lineup and the introduction of electric and gasoline-powered models tailored to the Indian market. - The IPO will not involve the issuance of new shares, with Hyundai's South Korean parent company selling up to 17.5% of its stake in the wholly owned Indian unit.

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