①Amazon Amazon plans to invest over $35 billion in India by 2030 to expand its business and enhance its AI capabilities; ② The new investment will focus on digital transformation, export growth, and job creation, and is expected to create 1 million jobs by 2030; ③ In addition, Amazon plans to increase the export value of Indian sellers to $80 billion by 2030.
US tech giant Amazon said Wednesday (December 10) that it plans to invest more than $35 billion in India by 2030 to expand its business and enhance local artificial intelligence. This capability makes Amazon the latest global technology company to deepen its business presence in the world's most populous country.
It is understood that this new investment will focus on business expansion and three strategic pillars: AI- driven digital transformation, export growth, and job creation.
The company plans to create an additional 1 million direct, indirect, derivative, and seasonal jobs in the Indian market by 2030.
Amazon stated that this investment aims to further solidify its position in India, Asia's third-largest economy. The company has invested nearly $40 billion in its Indian operations since 2010, further expanding its influence in the country to compete with Walmart in the retail and e-commerce sectors. It competes with Flipkart, India's largest integrated e-commerce platform, and the retail division of Reliance Industries, a subsidiary of Ambani.
Amazon also noted that it has helped Indian sellers achieve more than $20 billion in cumulative exports over the past decade and now plans to increase that figure to $80 billion by 2030, a fourfold increase.
This year, major U.S. tech companies have invested billions of dollars in India, a trend that underscores India's growing importance as a cloud computing hub. This trend is driven by the strategic focus on the development of artificial intelligence and cutting-edge technologies.
Previously, Microsoft India has pledged to invest $17.5 billion in artificial intelligence and cloud infrastructure in India by 2030, marking its largest investment in Asia; while Google has committed $15 billion over the next five years to build AI data centers. .
(Article source: CLS)
