Amazon doubles down on India, announces a massive $35B investment by 2030

Amazon has pledged a massive $35 billion investment in India by 2030, building on its existing $40 billion. This significant capital infusion will focus on AI-driven digitization, boosting exports to $80 billion, and creating one million new jobs. The move follows Microsoft's substantial AI investment announcement, signaling a major tech push in the country.
NEW DELHI: In one of the largest global tech investment flows into India, American tech giant Amazon on Wednesday committed a mega $35 billion for its operations here, over and above the $40 billion that it has already put into the country. The ecommerce, cloud and media giant said that the investments will be made by 2030 as it goes big on business expansion while focusing on three strategic pillars: AI-driven digitization, export growth and job creation
Announcement comes a day after Microsoft's $17.5B promise
Amazon’s mega bucks come a day after Microsoft CEO Satya Nadella had announced a $17.5 billion investment in AI and cloud infrastructure in India.
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“By 2030, Amazon plans to create one million additional job opportunities, boosting cumulative exports to $80 billion, delivering AI benefits to 15 million small businesses, hundreds of millions of shoppers, and providing AI education and career exploration opportunities to 4 million government school students,” the company said. “We are humbled to have been a part of India’s digital transformation journey over the past 15 years, with Amazon’s growth in India perfectly aligned with the vision of an Atmanirbhar and Viksit Bharat. We have invested at scale in growing the physical and digital infrastructure for small businesses in India, creating millions of jobs, and taking Made-in-India global. Looking ahead, we're excited to continue being a catalyst for India’s growth, as we democratize access to AI for millions of Indians, create 1 million job opportunities, and quadruple cumulative ecommerce exports enabled to $80 billion by 2030,” Amit Agarwal, Senior VP for Emerging Markets at Amazon said. Amazon said it has enabled over $20 billion in exports from India. “The company has now set a goal of enabling $80 billion in cumulative ecommerce exports from India by 2030.” The company launched "Accelerate Exports" -- a manufacturing-focused initiative -- designed to connect digital entrepreneurs with manufacturers while enabling manufacturers to become successful global sellers. “As part of the program, Amazon will host on-ground onboarding drives in over 10 manufacturing clusters across India, including Tirupur, Kanpur, and Surat. At the Smbhav summit, Amazon announced a key partnership with the Apparel Export Promotion Council of India to grow and scale the program across India,” the company said.
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