Latest news with #SandeepDutta
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Business Standard
2 days ago
- Business
- Business Standard
AWS plans to add $23 bn to India's GDP by 2030, says Sandeep Dutta
Amazon Web Services (AWS) plans to contribute $23.3 billion towards India's gross domestic product (GDP) by 2030 while supporting over 1.31 lakh jobs annually, a senior executive from the company said on Thursday. This announcement comes as the cloud infrastructure provider prepares to invest $12.7 billion by the end of 2030 to meet the growing demand for cloud services and artificial intelligence (AI) in the country. 'We're all aware that India is on the cusp of becoming a $1 trillion digital economy. As AWS, we continue to deepen our commitment towards India,' said Sandeep Dutta, president of India and South Asia, AWS. He was speaking at the AWS Summit in Mumbai. 'We are continuously working with the government and the industry to find opportunities to mitigate India's skill gap. Since 2017, AWS in India has trained more than 5.9 million people on cloud and related skills,' Dutta added. He also revealed that the company plans to install more than 200 billion smart meters in India by 2030. 'Over the course of the next few years, we will install in excess of 200 billion smart metres in India. Why? The objective is very clear. We intend to bring down, as a country, our technical and commercial loss levels from the current trajectory of 13.8 or 14 per cent to 7 per cent in the next five to six years,' he explained. Dutta noted that every 100 basis points of loss reduction could potentially add ₹4,500 crore to the country. Smart meters are capable of digitally tracking real-time usage of electricity, gas or water, and transmitting the data directly to utility providers. AI push This highlights the growing importance of Chief AI Officers (CAIOs) in accelerating adoption and managing implementation complexity. The report added that another 15 per cent of organisations polled were planning to appoint such executives by 2026. With generative AI (GenAI) emerging as the top budgetary priority—followed by security and compute—companies are increasingly formalising AI leadership roles. The study also found that 43 per cent of organisations had fully integrated GenAI into their workflows. 'GenAI adoption in India is near universal, with 98 per cent of organisations using GenAI tools, and 95 per cent actively experimenting to unlock new applications,' the study noted. The findings are based on responses from 415 senior IT decision-makers in India across sectors including financial services, information and communications technology, manufacturing and retail.
Time of India
07-05-2025
- Business
- Time of India
Amazon Web Services to launch AWS Marketplace in India by year end
Amazon Web Services (AWS) has announced its plans to launch AWS Marketplace platform in India later this year. The company has confirmed that the AWS marketplace platform will enable users to discover and transact software solutions. AWS India and South Asia President Sandeep Dutta termed it a "UPI moment for enterprise software procurement "."Later this year, we will launch AWS Marketplace in of this as the UPI moment for enterprise software procurement. It's going to be coming with India-specific features," Dutta said in a keynote address at the AWS Summit company claims that the marketplace will enable the customers to discover software, data and services from thousands of AWS partners and will enable transactions in Indian rupees. The customers using the platform will be able to make payment using multiple options like net banking, credit cards and UPI."India is poised to become a USD 1 trillion digital economy. We continue to deepen our commitment towards India. Our regions across Mumbai and Hyderabad, with a planned investment of USD 16.4 billion by 2030, are ready to fuel the next level of growth in India," concluded agency inputs
