US Tech is Betting Big on India

US Tech is betting big on India.

And doubling down.

The AI spending frenzy has been the talk of the town for some time now.
But what has happened under the radar? India becoming a crucial market in the AI race.

India has been important for technological development for a long time, with major tech companies leveraging local talent via their Global Capability Centres (GCC) in Bengaluru, Chennai, Hyderabad, and elsewhere.

Recent announcements confirm that India and its market will be a major catalyst for their continued success:

Amazon? USD 35 billion of investments.
Microsoft? USD 17.5 billion.
Google? USD 15 billion.

Adding GCCs or electronics manufacturing capacity? The numbers are much higher.

There are many reasons why these investments are taking place in the first place. And ignoring India's market potential is certainly the wrong approach.

Want to understand what's driving this shift and what it means for European businesses? I'll cover this in the next issue of India Rising and join us for insights on India's path to the 3rd largest economy.

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Source: Forbes India

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