Seeing a $2 trillion promise in India’s cloud market, Microsoft has decided to spend Rs 1,400 crore on setting up three data centres in the country. In a filing with the Registrar of Companies, the US software giant said it has started work on setting up the cloud data centres in Mumbai, Pune and Chennai. The company is setting up local centres in a bid to capture the India market, especially customers in the banking and telecom industries, which have had data sovereignty concerns.
“There is a huge demand for cloud services in India, especially among the SMBs(small and medium sized businesses) because of which companies like Microsoft are willing to spend so much on setting up data centres in India,” said Sanchit Gogia, chief analyst at Greyhound Research.
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