Telangana: Amazon To Invest $2.77 Billion, Largest FDI In State

Telangana Government declared that the e-commerce giant, Amazon via Amazon Web Services (AWS) negotiated an investment with the state on November 6.  A $2.77 billion deal was signed to establish multiple data centres in the largest Foreign Direct Investment in Telangana. Telangana's IT minister, KT Rama Rao noted that the AWS cloud Hyderabad is scheduled to begin by mid-2022, increasing the efficiency of e-commerce, banking and financial services, and insurance.