Amazon announces US$35 billion investment in India
Major US tech firms have poured billions of US dollars into the country this year
[BENGALURU] Amazon plans to invest more than US$35 billion in India by 2030 to expand operations and strengthen its artificial intelligence (AI) capabilities, the US e-commerce giant said on Wednesday (Dec 10), becoming the latest global tech firm to deepen its presence in the world’s most populous country.
Major US tech firms have poured billions of US dollars into India this year, underscoring the country’s emergence as a strategic hub for cloud, AI and deep-tech growth.
Microsoft has pledged an investment of US$17.5 billion in India for AI and cloud infrastructure by 2030, marking its largest investment in Asia, while Google has committed US$15 billion over the next five years to build AI data centres.
Amazon said that the investment is aimed at deepening its presence in Asia’s third-largest economy, where it has ramped up spending to compete with Walmart-backed Flipkart and the retail arm of billionaire Mukesh Ambani’s Reliance Industries .
The US e-commerce giant, which has invested US$40 billion in its Indian business since 2010, had announced a US$26 billion investment in 2023 to deepen its presence in the country.
Amazon says it has helped generate more than US$20 billion in cumulative exports for sellers in India in the last ten years, and plans to increase that to US$80 billion by 2030. It aims to create one million additional job opportunities in the country by 2030. REUTERS
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