Amazon announced that it will invest more than US$35 billion in India, building upon its already existing US$40 billion in the country so far.
The new investment will focus on AI-driven digitisation, export growth and job creation.
“We are humbled to have been a part of India’s digital transformation journey over the past 15 years, with Amazon’s growth in India perfectly aligned with the vision of an Atmanirbhar and Viksit Bharat,” Senior VP Emerging Markets, Amazon Amit Agarwal said.
“We have invested at scale in growing the physical and digital infrastructure for small businesses in India, creating millions of jobs, and taking Made-in-India global.”
The company said the investment will support job creation, including 3.8 million direct, indirect, induced and seasonal jobs.
“Looking ahead, we're excited to continue being a catalyst for India’s growth, as we democratize access to AI for millions of Indians and quadruple cumulative ecommerce exports enabled to $80 billion by 2030,” Agarwal said.
India has become one of the fastest-growing regions for AI spending within the Asia Pacific.
With this new investment, Amazon will be following in the footsteps of competitors Microsoft and Google, which recently invested $17.5 billion and $15 billion in India, respectively.
