By 2030, Amazon aims to invest over $35 billion in India to enhance its operations, focusing on advancing artificial intelligence and boosting exports, the US e-commerce leader announced on Wednesday. This move aligns with the increasing interest of global tech companies in Asia’s third-largest economy.
This year, major American tech firms have invested billions in India, highlighting its role as a strategic center for cloud, AI, and deep-tech advancements.
Microsoft declared a $17.5 billion investment in India’s AI and cloud infrastructure by 2030 on Tuesday, marking its largest investment in Asia. Meanwhile, Google has committed $15 billion over the next five years to develop AI data centers.
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Amazon’s investments aim to align with India’s national objectives, focusing on expanding AI capabilities, improving logistics infrastructure, supporting small business growth, and creating jobs, as per the company’s statement.
Amazon has increased its expenditure in India to compete with Walmart-backed Flipkart and the retail segment of Mukesh Ambani’s Reliance Industries.
The e-commerce giant, which has invested $40 billion in India since 2010, announced a $26 billion investment in 2023.
Amazon plans to generate 1 million additional jobs in India by 2030. The company also reported assisting in generating over $20 billion in cumulative exports for Indian sellers over the past decade, aiming to increase this to $80 billion by 2030.
India, the world’s most populous country, is crucial for Amazon due to its rapidly growing internet user base.
