Tech Biggies Bet Big On India Boosting Job Prospects Via AI, Data Centre Push

India‘s tech landscape received a shot in the arm as tech moguls landed in the national capital to meet Prime Minister Narendra Modi, committing billions to his dream of turning the country into a mega hub for technology innovation.

From Microsoft to Intel, the bold bet on India’s technology ecosystem will help in the creation of jobs for millions of youth equipped with engineering degrees, which is one of the biggest draws for multinational companies.

On Tuesday, Microsoft CEO Satya Nadella met PM Modi, which was followed by the tech giant announcing an investment of $17.5 billion in cloud and AI infrastructure spread over a period of four years. This is Microsoft’s largest investment in Asia and a vote of confidence for India’s tech prowess. Intel CEO Lip-Bu Tan also met PM Modi and supported India’s semiconductor mission. The chip giant has tied up with Tata Electronics to take forward India’s semiconductor mission.

Amazon also joined the ranks of big tech players, doubling down on its India investments with a commitment of $35 billion to focus on AI, exports and jobs. Amazon plans to create one million additional job opportunities in India.

The company has also aimed for cumulative e-commerce exports of $80 billion from India. Search giant Google has also promised big bucks for India with a $15 billion investment that will build a gigawatt-scale data centre/AI hub capacity in Visakhapatnam. OpenAI isn’t far behind and is exploring the possibility of a data hub in India.

Data hubs

India’s data centre boom has attracted not just the big tech giants but real estate players who are banking on these mega hubs for data to grow beyond residential and commercial spaces