Indian Economy News

Microsoft announces setting up of its fourth data centre in India

  • IBEF
  • March 8, 2022

Microsoft said that it will be establishing its fourth data centre in Hyderabad, Telangana, and it will be one of India's largest data centres and that it will be operational by 2025. Microsoft has struck a definite agreement with the Telangana State government to build a data centre with a total investment of Rs 15,000 crore (US$ 1.95 billion).

Microsoft's commitment to helping clients succeed in a cloud and AI-enabled digital economy is reflected in this strategic investment, which will become part of the world's largest cloud infrastructure, according to the company. Mr. Anant Maheshwari, President, Microsoft India said that “The cloud opportunity in India is around US$ 10 billion over the next 2-3 years and is growing 20% per annum. But more importantly the impact of data centre on job creation is immense. In India we have about 4.5 lakh Microsoft certified engineers and this centre will also amplify job creation,”

Microsoft datacenter areas in India generated US$ 9.5 billion in revenue between 2016 and 2020, according to IDC. In addition to the GDP boost, the IDC analysis estimates that 1.5 million new employment were created in the economy, including 169,000 new skilled IT jobs.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.