Amazon announced it would invest $35 billion in India in 2030. This investment will be allocated across the entire Amazon business in India, expanding its retail operations and its cloud and AI services, Amazon Web Services. The company made this announcement on Wednesday at the Annual India event, Sambhav.
This announcement came after Microsoft committed $17.5 billion in investment, much of it targeted at data centre and AI infrastructure build-out, a trend likely to continue for Amazon, which is already India’s largest foreign direct investor.
Technology firms like Amazon are significantly increasing their AI capacity worldwide and deploying substantial sums to that end by establishing data centres. Amazon is also seeking to enter the crowded quick-commerce space, where Blinkit, Zepto, and Swiggy have established strong positions.
Amazon has already invested over $40 billion since entering India, while facing pushback from large retail groups, leading to a lack of support, if not outright hostility, from the government. However, Microsoft CEO Satya Nadella’s 17.5 billion investment was celebrated in a meeting with Prime Minister Narendra Modi.
“These investments are strategically aligned with India’s national priorities and will focus on expanding AI capabilities, enhancing logistics infrastructure, supporting small business growth and creating jobs.” Amazon said.
Also read: Amazon Layoffs 30,000 Corporate Jobs Starting Tuesday
Amazon expressed its strong belief that it would create 3.8 million direct, indirect, induced and seasonal jobs across India by 2030. The company said that it was the largest individual enabler of export growth in the country.
