Amazon Web Services Plans to Invest $35 Billion by 2040 to Expand Data Centres in Virginia
Amazon's cloud services division said Friday it plans to invest another $35 billion (roughly Rs. 2,83,400 crore) by 2040 to expand data centres in Virginia. Amazon Web Services (AWS) said the new investment will create 1,000 jobs. Virginia Republican Governor Glenn Youngkin said AWS will establish multiple data centre campuses across Virginia. In 2021, AWS said from 2011 to 2020 it had invested $35 billion (roughly Rs. 2,83,400 crore) in data centres located in northern Virginia and had 3,500 full time employees at its data centres in the state. Pending approval by state lawmakers, Virginia is developing a new "Mega Data Center Incentive Program," which would allow the company to receive up to a 15-year extension of Data Center Sales and Use tax exemptions on equipment and software. AWS also will be eligible to receive a state grant of up to $140 million (roughly Rs. 1133 crore) "for site and infrastructure improvements, workforce development, and other project-...