Amazon plans a $35 billion investment in India, focusing on AI, exports, and creating one million jobs, joining other tech giants in major commitments.
MUMBAI: Amazon will invest more than $35 billion across its businesses in India by 2030.
The e-commerce giant announced the plan on Wednesday, aiming to expand exports, create jobs, and invest in artificial intelligence.
This new commitment will bring Amazon’s total investment in the country to over $75 billion.
The investment will focus on AI-driven digitisation, export growth, and job creation.
Amazon stated the funds will create one million jobs and boost cumulative exports to $80 billion.
It also aims to deliver AI benefits to 15 million small businesses in India.
“We’re excited to continue being a catalyst for India’s growth,” said top Amazon official Amit Agarwal.
The announcement follows Microsoft’s pledge of $17.5 billion to build India’s AI infrastructure a day earlier.
Microsoft CEO Satya Nadella called it the company’s largest investment ever in Asia.
Nadella met Prime Minister Narendra Modi in New Delhi, thanking him for “an inspiring conversation on India’s AI opportunity”.
Modi said he was “happy” that the tech giant had chosen India.
“The youth of India will harness this opportunity to innovate and leverage the power of AI for a better planet,” Modi posted on X.
Amazon said it has already digitised 12 million small businesses and enabled $20 billion in exports from India.
Andhra Pradesh state is also courting US tech investment following Google’s $15 billion AI hub announcement for Visakhapatnam.
State IT Minister Nara Lokesh is in San Francisco meeting technology leaders to attract further projects.
The push comes ahead of a major AI summit in New Delhi scheduled for February.
