Amazon said on Wednesday it plans to invest more than 35 billion dollars in India by 2030, deepening its footprint in one of the world’s fastest growing technology and consumer markets.
The US ecommerce giant said the investment will focus on strengthening AI capabilities, expanding logistics networks, boosting exports, and supporting small businesses, as global tech firms race to scale operations in India’s rapidly expanding digital economy.
The announcement places Amazon alongside other major US companies increasing long term commitments to India, which has emerged as a strategic center for cloud services, AI development, and advanced technology, according to Reuters.
Amazon said its new investment is closely aligned with India’s national development priorities.
“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,” the company said in a statement.
Amazon added that it plans to create one million additional job opportunities in India by the end of the decade. It also said sellers using its platforms have generated more than 20 billion dollars in exports over the past ten years, a figure the company aims to raise to 80 billion dollars by 2030.
Amazon has steadily increased spending in India as it competes with Walmart backed Flipkart and the retail arm of Reliance Industries, controlled by billionaire Mukesh Ambani.
The company said it has invested about 40 billion dollars in India since entering the market in 2010. In 2023 alone, Amazon announced an additional 26 billion dollar commitment to the country.
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India has become a battleground for global retailers due to its large population, rising internet use, and growing base of online shoppers.
Amazon’s plan comes amid a wider surge of investment by US technology firms this year. Earlier this week, Microsoft said it would invest 17.5 billion dollars in India by 2030 to expand AI and cloud infrastructure, its largest investment ever in Asia.
Google has also committed 15 billion dollars over the next five years to build AI focused data centers and strengthen its presence in the country, according to public filings and company statements.
With its population now the largest in the world, India remains a critical growth market for Amazon as it looks to scale exports, improve delivery speed, and deepen ties with local sellers in the years ahead.
