It is also recruiting senior level talent and is expected to open more Cloud regions in the country, including one planned in Delhi, which is expected to be operational by 2021, said CEO Thomas Kurian.
“We are investing very aggressively to grow our go-to-market presence in the country. We are focussed both on traditional enterprises like financial services, manufacturing, pharmaceutical companies who are trying to build platforms themselves as well as digital natives…,” Kurian said on the sidelines of the Google Cloud Next 2020 virtual conference.
“We obviously have made a significant investment in India as Alphabet Inc (Google’s parent entity), because we believe in the promise of the economy and growth of the economy,” he added.
Part of Google’s $10 billion investment in India over the next 5-7 years will go towards data centres, Alphabet Inc CEO Sundar Pichai told ET recently.
Kurian said talent expansion had helped it win more customers in India.
Google Cloud faces tough competition from cloud services providers Amazon Web Services and Microsoft Azure, which have higher market share in India and across the world.
Karan Bajwa, who was earlier at IBM, joined Google Cloud earlier this year as managing director of its India operations.
Kurian said due to the high growth in digital transaction volumes, many Indian financial institutions were reducing pressure on their IT infrastructure by offloading transactions on to Google Cloud.
Online payments and transactions have rebounded after dropping in March during the onset of the Covid-19 pandemic in India.
“When we look at traditional financial services institutions in India, one of the things that many have asked us for help is…their IT infrastructure which gets a lot of pressure with (the growth in online transactions). We are providing a number of institutions with capabilities to do that. We have technology that helps people reduce their dependency on running every transaction to the mainframe by offloading transactions from the mainframe to the cloud,” he said.
The company has also seen startups migrating to its platform from other providers, he said.
“We also are seeing leading companies shift from other cloud providers to us as they grow because of the capabilities of our network and the quality of the infrastructure,” Kurian said.
According to technology industry body Nasscom, the adoption of big data, analytics, artificial intelligence and Internet of Things is expected to push the cloud market in India to $7.1 billion by 2022, growing at an annual rate of 30%.
The growth of data centres in India has been driven to some extent by the Reserve Bank of India‘s mandate to locate financial transactions data of Indian customers on local servers.
Google Cloud has introduced a new security feature for public sector companies and regulated industries, called ‘confidential computing’, which provides encryption to their workloads on the cloud when it is at rest, in transit and while it is being processed.