New Delhi. Recently, when Donald Trump had a meeting with American companies, he had clearly said that they should not invest in India. Trump had even told Apple CEO Tim Cook that India will take care of itself, there is no need to expand your business there. After this, there were speculations that American companies might shy away from investing money here. But, in the last few months, many American companies have announced investment in India. After all, what big plan is being made that all the big companies of America want to invest money here.
When Satya Nadella, CEO of American tech company Microsoft, met PM Modi a day ago, immediately after that he also announced to invest in India. Not only Microsoft, companies like Apple, Google, Amazon have also announced huge investments in India. All these companies want to take advantage of India’s tech ecosystem. This is the reason why a multinational company like Intel has also made full intentions of placing bets here.
Which company has such a good investment?
Microsoft CEO Satya Nadella said after meeting PM Modi that his company wants to invest $ 17.5 billion (about Rs 1.57 lakh crore) in India. The company has stated its intention to invest in the country’s cloud and AI infrastructure in the next 4 years. The company has said that this is the biggest investment made in any country in Asia. Apart from Microsoft, Lip Boo Tan, CEO of chip maker company Intel, also met PM Modi and talked about supporting India’s semiconductor mission.
Amazon also has a big plan
E-commerce company Amazon has also made a big plan for the Indian market. The company aims to double its investment in India. Amazon’s focus is to invest $ 35 billion (about Rs 3.15 lakh crore) in the field of AI, exports and jobs. The company intends to create about 10 lakh jobs in India. Besides, it also has to contribute in taking the country’s e-commerce exports to 80 billion dollars.
Google played a bet worth thousands of crores
America’s leading tech company Google has also talked about investing 15 billion dollars (about Rs 1.35 lakh crore) in India. Google has talked about building a Tata Center and AI Hub with gigawatt capacity in Visakhapatnam. In view of the increasing OpenAI in the country, speculations are being made that huge investment may come in this field also. Not only tech companies want to take advantage of India’s data center boom, but the real estate sector also wants to move forward in building data centers after the residential and commercial sectors.
Satya Nadella gave a big hint
On India’s data center capacity, Microsoft CEO said that we are waiting to see when India’s capacity becomes available. For this we already have resources in Pune, Chennai and Mumbai. He said that we are very excited about the South Central Cloud Region being built in Hyderabad. This region will be ready by next year.
Why did the investment boom come to India?
The investment of American tech companies in the Indian market is not coming of their own free will, but is the result of a strict rule of the Indian government. Actually, the Government of India has implemented the rule of data localization in the country. Under this, data of Indian customers cannot be sent outside the country. This is the reason why along with data, cloud and AI have also started getting promotion. AI companies are in greatest need because they have to protect large amounts of data.
Lakhs of jobs will be created
After the construction of these data centres, there is a possibility of creation of lakhs of jobs. This will also impact the construction, retail and operations sectors. Many construction companies have shown their interest in building data center buildings in the country. Google’s AI and data center being built in Visakhapatnam can create more than 1 lakh jobs. PricewaterhouseCooper has said in its report that data centers can lead to a 6-fold jump in the direct and indirect job market.
In which sector will jobs be created?
The development of Bharat AI Data Center will bring bumper jobs in many sectors. In this, people will be needed for engineers, IT experts, construction related work, retail and other industrial works. India has also made preparations for this. A large number of engineers and IT experts are emerging in the country, while India is also progressing rapidly in the field of chip making. This will also pave the way for creation of jobs in the coming times.
