Amazon.com, Inc. (NASDAQ:AMZN) is going the Microsoft Corporation (NASDAQ:MSFT) way. Amazon.com, Inc. (NASDAQ:AMZN)’s CEO, Jeff Bezos announced today that his company can set up data centers in India, just a day after Microsoft Corporation (NASDAQ:MSFT)’s CEO, Satya Nadella announced his company’s plan of setting up three data centers in India. The Economic Times revealed this news in one of its articles today.
Bezos is on an official visit to India to oversee the rapid expansion of Amazon.com, Inc. (NASDAQ:AMZN)’s Indian subsidiary Amazon.in. Amazon.com, Inc. (NASDAQ:AMZN)’s cloud business, Amazon Web Services (AWS) is one of the leaders in the cloud computing industry. The company is increasingly focusing on rapidly expanding AWS in India, where players like Google and IBM are already providing similar services.
“We are always evaluating new locations. We have AWS. We started it long time ago and it has grown into a very large business, separate from our consumer business… we are building new data centres and are looking where we should put them and evaluating these in India as well,” Bezos was quoted as saying.
Bezos is quite impressed by the growth of internet penetration in India, which he attributed as a tailwind for growth of e-commerce. Amazon.com, Inc. (NASDAQ:AMZN)’s Indian e-commerce arm has witnessed tremendous growth in the last one year since it launched and is on its way to reach the $1 billion mark in gross sales.
As of June 30, 2014, Ken Fisher‘s Fisher Asset Management owns over 2.4 million shares of Amazon.com, Inc. (NASDAQ:AMZN) and Jeffrey Ubben‘s ValueAct Capital owns over 74 million shares of Microsoft Corporation (NASDAQ:MSFT).
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