Amazon, the U.S.-based e-commerce giant, announced on Wednesday plans to nearly double its investments in India, aiming to increase exports, create jobs, and expand artificial intelligence capabilities in the world’s most populous country.
The company stated that it plans to invest over $35 billion in all its businesses in India by 2030, in addition to approximately $40 billion it has already invested. The investment will focus on three strategic pillars: AI-driven digitization, export growth, and job creation.
Amazon highlighted its previous investments in both digital and physical infrastructure, including transportation networks, data centers, digital payment systems, and technology development. The new investment is expected to create one million jobs, raise cumulative exports to $80 billion, and bring AI capabilities to 15 million small businesses.
Amit Agarwal, a senior Amazon executive, said, “We look forward to continuing to play a role as a growth engine in India.”
The announcement follows Microsoft’s commitment on Tuesday to invest $17.5 billion over four years in AI and cloud computing in India, aimed at supporting the growth of the emerging sector. Microsoft CEO Satya Nadella, after meeting Indian Prime Minister Narendra Modi, said the investment will focus on three key areas: scale, skills, and sovereignty, aligning with India’s goal of building a comprehensive innovation ecosystem in AI.
India, with a population of around 1.45 billion, is attracting increasing attention from global AI leaders as both a market and a source of talent and data. In October, Anthropic co-founder Dario Amodei visited the country, and visits from Jensen Huang, CEO of Nvidia, and Demis Hassabis from Google DeepMind are expected in the coming months.
