Global tech giant and the world’s largest retailer, Amazon, has announced plans to invest $35 billion in India to pursue AI infrastructure expansion projects. The investment adds to nearly $40 billion that the tech company has invested in India so far.
Amazon stated it will invest more than $35 billion across its Indian based enterprises by 2030. The investment will strategically focus on advancing AI infrastructure, enhancing export growth, and creating employment opportunities in the country.
The company announced the new investment package on December 10 during the sixth edition of the Amazon Smbhav Summit in New Delhi and outlined it in the Economic Impact Report by Keystone Strategy.
According to the report, the investment will add approximately $40 billion to the amount the company has invested in the country since 2010. The investment has been used to compensate employees and to develop various infrastructure projects.
Amazon’s recent $35 billion investment now ranks the tech company as the top foreign investor in India and among the most prominent job creators in the country.
Amazon seeks to add 1 million jobs in India by 2030
The Economic Impact Report shows that Amazon has digitized over 12 million small enterprises in the Asian country and, at the same time, enabled $20 billion in cumulative e-commerce exports. The report also highlights that the Seattle-based company facilitated the creation of 2.8 million jobs for Indian residents in 2024, spanning various sectors, including technology and logistics.
Amit Agarwal, Senior VP of Emerging Markets at Amazon, stated that Amazon has been a part of India’s digital transformation journey over the last 15 years. Agarwal also acknowledged the company’s significant investment in India, which has led to the creation of jobs, as well as physical and digital transformation.
The new investment package is expected to create an additional 1 million employment opportunities in India, according to Amit. These jobs will stem from Amazon’s core business expansion alongside its growing delivery network that supports parallel industries in the country, such as packaging, transport, and manufacturing services.
Amit Agarwal also added that the new investment will quadruple India’s cumulative e-commerce exports to $80 billion by 2030. The investment also aims to make AI accessible to students by empowering 4 million government school students with AI education and career exploration opportunities. By 2030, Amazon also aims to bring AI technology to 15 million small businesses and enhance customer shopping experience with AI innovations such as Lens AI.
Earlier this month, the online retailer announced plans to invest an additional $12.7 billion in India to expand web services and AI data centers in Telangana and Maharashtra.
Microsoft commits $17.5 billion to India’s AI infrastructure
The news comes just after Microsoft CEO Satya Nadella met with Prime Minister Narendra Modi and announced a commitment of $17.5 billion to develop India’s AI infrastructure. The CEO wrote on X that the commitment will be the company’s most significant investment in Asia.
Amazon has demonstrated a strong interest in developing AI technology. Cryptopolitan recently reported that the tech company raised $15 billion from a bond sale and plans to use the proceeds to pursue AI investments.
The sale follows Alphabet Inc., Google’s parent company, selling $25 billion of debt in the U.S. and Europe in early November. Meta also joined the bandwagon by issuing $30 billion worth of corporate bonds in October, while AI company Oracle Corp. raised $18 billion from high-grade notes in September.
The retailer also announced it had launched its new Trainium3 AI chip to compete with Nvidia and Google in AI model training. According to reports, Amazon claims the chips are cost-effective for training AI models and aims to reduce the AI industry’s over-reliance on Nvidia GPUs.
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Source: https://www.cryptopolitan.com/amazon-bets-big-on-indias-ai-dev/
