Amazon.com Inc’s cloud computing unit will invest Rs. 1.06 trillion ($13 billion) in India by the end of this decade, doubling down on its past investments to cater to the growing demand for such services in one of Asia’s fastest-growing economies.

This comes on top of its $6.5 billion investment in e-commerce in India, where it has rapidly expanded over the years but faces a strict regulatory environment that forces it to run only a marketplace, a Reuters report stated.

The latest investment will be used to build its cloud infrastructure in India and will support over 100,000 full-time jobs annually, Amazon Web Services (AWS) said in a statement yesterday.

With this, the total planned investment in India adds up to about $16.4 billion by 2030.

The company already runs two data centers in the Indian subcontinent — one in Mumbai which was launched in 2016, and another in Hyderabad, which started in 2022.

The cloud platform offers more than 200 services, including storage, networking and artificial intelligence.

Amazon’s move comes as India steps up efforts to attract more big-ticket investments in the digital space to address the spike in demand for data storage and services from corporate and government bodies.

India’s public cloud services market is expected to touch $13 billion by 2026, climbing at a compound annual growth rate of 23.1 percent for 2021-26, according to market intelligence provider IDC.