Microsoft Talks About Its Fourth Data Center In India

Microsoft Corp MSFT shared its fourth data center plan in India. It will establish the data center in Hyderabad, Telangana.
Microsoft India head Anant Maheshwari said the company was making long-term investments in the country, Reuters reports.
However, he declined to confirm reports of a $2 billion price tag for the latest center.
"A public cloud data center is not a one-time investment, it is a continuous investment that we have," Maheshwari told. "In the last two years, we doubled the capacity in the existing three data centers."
Maheshwari said Microsoft continued to grow its workforce in India from 18,000 currently "both through the pandemic and going forward."
"We already serve more than 340,000 companies in the country," Maheshwari said.
Key rival Amazon.com Inc AMZN previously shared its plans to spend $2.8 billion to build its second data center in the country.
Price Action: MSFT shares traded lower by 0.92% at $287.19 in the premarket on the last check Monday.