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India cenbank plans 2025 launch of cloud services, countering dominance of global firms (www.reuters.com)

submitted 2 days ago by cyrano@lemmy.dbzer0.com to c/technology@lemmy.world

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The Reserve Bank of India's planned cloud platform will use local IT firms, pitting it against the likes of Amazon Web Services, Microsoft Azure, Google Cloud and IBM Cloud, in a first-of-its-kind initiative from a major global central bank.

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[–] balder1991@lemmy.world 2 points 2 days ago

Difficult to predict how this will go, I think these companies already offer such small prices for the base minimum stuff that’s hard to compete.

It’s probably good to have more competition, but very hard to break into and actually be good.