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Amazon Data Services India has signed a long-term lease for four acres of land in Mumbai's Powai suburb from Larsen & Toubro to build a data center. It will pay over Rs 562 crore in rent and has agreed to increase the rent by 3 per cent each year. Amazon has already paid Rs 2.4 crore as a security deposit.
Amazon Data Services India has signed a long-term lease for four acres of land in Mumbai's Powai suburb from Larsen & Toubro to build a data center. It will pay over Rs 562 crore in rent and has agreed to increase the rent by 3 per cent each year. Amazon has already paid Rs 2.4 crore as a security deposit.
Amazon is committing to invest $26 billion in India by 2030 and will “support startups, create jobs, enable exports, and empower individuals and small businesses to compete globally,” according to its chief executive Andy Jassy who discussed the online retail giants investment plans in India with Prime Minister Narendra Modi, who was on a state visit to the US.
Amazon has taken four floors on lease along with 205 carparks, across roughly 1.94 lakh sq ft, in a building in the project Gera Commerzone, an IT special economic zone
E-commerce giant Amazon India reported a 30% increase in revenue at its five units for the year ended 31 March even as it narrowed losses by 17%, regulatory filings sourced from business intelligence firm Tofler showed