Amazon plans to invest $35 billion in India by 2030
Amazon is making a major monetary commitment to its businesses across India, including artificial intelligence.
The online giant has pledged to invest more than $35 billion into its Indian operations through the next five years, building on nearly $40 billion it has invested in the country so far. This investment will focus on business expansion as well as three strategic pillars of AI-driven digitization, export growth, and job creation.
In May 2023, Amazon said it would commit $12.7 billion to expand its cloud infrastructure in India by 2030. The company also debuted its Amazon Now 15-minute ultrafast delivery service in India and is expanding its use of AI-based refrigeration monitoring there.
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According to Amazon, its cumulative Indian investments of nearly $40 billion include compensation to employees and the development of infrastructure and have established it as the largest foreign investor and enabler of e-commerce exports in India, as well as one of the top job creators in the country.
Amazon has also been investing at scale towards building physical and digital infrastructure in India, including fulfillment centers, transportation networks, data centers, digital payments infrastructure, and technology development.
"We are humbled to have been a part of India’s digital transformation journey over the past 15 years," said Amit Agarwal, senior VP emerging markets, Amazon, in a corporate blog post. "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."
In 2030, the company says it will support 3.8 million direct, indirect, induced and seasonal jobs resulting from its business expansion as well as its growing fulfillment and delivery network.
Chief Amazon rival Walmart has also been busy establishing itself in the Indian market. Efforts have included the Walmart Vriddhi program, launched in 2019, focuses on developing micro, small and medium enterprises (MSMEs) in India. The initiative features interactive online training experiences and personalized mentoring, with access to resources and experts to support growth.
Walmart is also actively training Indian sellers to participate in its third-party digital marketplace and holds majority ownership of Flipkart, the leading Indian e-commerce platform.
