CORPORATE

Amazon lines up over $35 billion in India to scale up AI, exports by 2030

Amazon plans to invest more than $35 billion in India by 2030 to expand its operations by boosting artificial intelligence (AI) capabilities and increasing exports.
The US e-commerce company plans to scale up its investment as it deepens its presence in Asia’s third-largest economy.
Amazon’s 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,” the company has said in a statement.
Amazon has ramped up spending in the country to compete with Walmart-backed Flipkart and the retail arm of billionaire Mukesh Ambani’s Reliance Industries.
Amazon plans to create 10 lakh additional job opportunities in India by 2030. The company has also said that it has helped generate more than $20 billion in cumulative exports for sellers in India in the last ten years and plans to increase that to $80 billion by 2030.
The e-commerce company, which has invested $40 billion in India since 2010, had announced a $26-billion investment in 2023.
Major US tech companies have poured billions of dollars into India this year, underscoring the country’s emergence as a strategic hub for cloud, AI and deep‑tech growth.

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