Amazon announced a new $35 billion investment in India, scheduled for deployment by 2030. The commitment was revealed at the Amazon Smbhav Summit in New Delhi. This fresh capital nearly doubles the company's total investment in the country, building on the $40 billion invested since 2010.
The capital focuses on fostering business expansion through three main pillars. These pillars are AI-driven digitization, export growth, and job creation.
The strategic initiative sets several specific targets for 2030. Amazon aims to quadruple cumulative e-commerce exports from India to $80 billion and create an additional one million direct and indirect jobs. The investment also focuses on bringing AI benefits to 15 million small businesses and providing AI education to 4 million students.
This move positions Amazon as the largest foreign investor in India. The investment surpasses recent announcements made by other major tech companies in the region. No immediate analysis regarding the market's reaction to the announcement was available.