Virendra Pandit
New Delhi: Nearly 10 months after US President Donald Trump claimed that the economies of India—and Russia—are “dead,” American e-commerce behemoth Amazon, Inc. announced on Thursday to invest an additional USD 48 billion in India by 2030, taking its total investment to over USD 88 billion.
Amazon CEO Andy Jassy made this announcement after meeting Prime Minister Narendra Modi in the national capital, the media reported.
The fresh investments include USD 13 billion, which will be used to expand artificial intelligence (AI), cloud, e-commerce and logistics infrastructure by 2030, taking Amazon’s cumulative investment commitment in India between 2010 and 2030 to more than USD 88 billion, making it one of the largest global AI and cloud infrastructure investors in the country.
Amazon said the investment will expand Amazon Web Services (AWS) data centre capacity in Mumbai and Hyderabad, giving startups, enterprises and government organisations access to custom AI chips, managed AI services, secure and reliable cloud technologies, and developer tools to innovate faster, scale rapidly and serve customers globally.
The e-commerce giant said it will continue investing in its e-commerce and quick-commerce business. Amazon plans to launch more than 20 new fulfilment centres and over 100 new last-mile delivery stations this year.
Since its launch in India, Amazon said it has digitised 12 million small businesses, enabled more than USD 20 billion in cumulative e-commerce exports and supported 2.8 million jobs. It has also trained more than 10 million people in cloud skills.
The company has pledged to support 3.8 million jobs, enable USD 80 billion in cumulative exports, extend AI benefits to 15 million small businesses and provide AI education to 4 million government school students.
In a media statement, Jassy said: “As we grow Amazon in India, our business priorities continue to align with India’s priorities of democratising access to AI, digitising small businesses, creating jobs, and enabling exports.
“We are investing over $48 billion in the coming five years to meet the strong demand across our business in India and to help the country achieve these priorities.
“We are inspired by Prime Minister Modi’s vision of a Viksit and Atmanirbhar Bharat, and we are committed to being a long-term partner in India’s growth story.”
“We came to India over a decade ago and have since been serving customers, sellers, developers, start-ups and enterprises through our different businesses. The response has been tremendous, with strong growth, especially across our ecommerce, AI, and cloud businesses.
The latest announcement takes Amazon’s total planned investment in expanding and supporting AI and cloud infrastructure to over USD 21 billion between 2026 and 2030, establishing it as one of the largest global AI and cloud infrastructure investors in the country.
In a post on X, Jassy said, “Really enjoyed my meeting with Prime Minister @narendramodi about what’s ahead for Amazon in India. We’ve been serving customers, sellers, developers, start-ups, and enterprises in India for more than a decade and just getting started. Shared that we’re investing $48 billion over the coming five years, including $21+ billion in AI and cloud infrastructure”
“By 2030, we plan to support 3.8 million jobs, enable $80 billion in e-comm exports, and bring benefits of AI to 15 million small businesses and 4 million government school students,” he added.