Amazon Current Affairs - 2020

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Amazon invests 1.5 billion USD for two Data Centres under Data Centre Policy of Telangana

The E-Commerce Giant Amazon Web Services has planned to invest 1.5 billion USD to set up two data centres in Hyderabad. The private firm will be helped by the Telangana Government under its Data Centre Policy

Highlights

The private firm Amazon has set a target of 5 billion USD of global investments for the next four years. In 2019, the company opened 1.8 million feet office in Gachibowli, Hyderabad that can accommodate more than 15,000 employees. The office is the first largest building owned by Amazon outside US.

Data Centre Policy

The Government of Telangana has framed a dedicated policy for data centres. Under the policy, the government will provide incentives to the firms that set up data centres in the state.

Data Centres

Data Centres are dedicated spaces that are used to house computer systems that are used for data storage purposes. A data centre that is of the size of an industry (like that to be constructed in Hyderabad) will consume as much electricity as that of a small town.

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Amazon partnering with Eastern Railways sets up pick-up kiosk in Kolkata after Mumbai

After Mumbai, the Amazon India private e-commerce firm has set up its second pick up kiosk in Kolkata’s Sealdah Railway Station.

Highlights

The pick-up kiosk has been set up in partnership with the Eastern Railways. It is to be noted that in 2019, the E-Commerce firm had set up pickup kiosk in four railway stations of Mumbai. The pick up kiosk allows the customers to pick up packages at railway stations.

Tie-up with Indian Railways

In October 2019, Amazon India tied up with the Indian Railways to transport customer packages through Railways on the routes of Mumbai to New Delhi, New Delhi to Kolkata.

What are the benefits?

This tie up with the Amazon India, will help Indian Railways meet its freight and passenger earning targets. This will help in its dwindling finances. The Freight earnings of Indian Railways till November 2019 has been 4.32% less than the same period of previous year and 19.72% lower than the target fixed. Similarly, the passenger earning was 5.33% lesser than the same period of previous year.

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