Amazon invests 1.5 billion USD for two Data Centres under Data Centre Policy of Telangana
The E-Commerce Giant Amazon Web Services has planned to invest 1.5 billion USD to set up two data centres in Hyderabad. The private firm will be helped by the Telangana Government under its Data Centre Policy
The private firm Amazon has set a target of 5 billion USD of global investments for the next four years. In 2019, the company opened 1.8 million feet office in Gachibowli, Hyderabad that can accommodate more than 15,000 employees. The office is the first largest building owned by Amazon outside US.
Data Centre Policy
The Government of Telangana has framed a dedicated policy for data centres. Under the policy, the government will provide incentives to the firms that set up data centres in the state.
Data Centres are dedicated spaces that are used to house computer systems that are used for data storage purposes. A data centre that is of the size of an industry (like that to be constructed in Hyderabad) will consume as much electricity as that of a small town.
Category: Economy & Banking Current Affairs