Amazon CEO Announces Major Investment Boost in India
Amazon Chief Executive Officer Andy Jassy on Thursday announced that the company will invest an incremental USD 48 billion in India between 2026 and 2030, following a high-level meeting with Prime Minister Narendra Modi in New Delhi. This new commitment raises the total planned investment from an earlier announced USD 35 billion, reflecting the growing demands of India's digital economy.
Jassy stated, "We've invested USD 40 billion in India since the year 2010. And then at the end of last year, we announced that we were going to invest another USD 35 billion in India between 2026 and 2030. And we just announced today that we're going to increase that amount from 35 billion to an incremental USD 48 billion of investment between 2026 and 2030."
Focus on Cloud and AI Infrastructure
A significant portion of the new investment, USD 13 billion, is specifically allocated to accelerate cloud computing and artificial intelligence development. This brings the total planned investment for cloud infrastructure to more than USD 21 billion over the five-year period. The capital will be used to expand Amazon Web Services data center capacities in Mumbai and Hyderabad.
Jassy explained, "A fair amount of our investment is in our marketplace business, but the incremental USD 13 billion we announced today is focused on cloud and AI. India is becoming such a significant cloud and AI hub around the world, and we have so much demand here that we're continuing to invest in the country on the cloud side and the AI side as well."
Employment and Economic Targets
The investment plan also includes ambitious employment and economic goals. Amazon intends to increase its direct and indirect job support from 2.8 million in 2024 to approximately 3.8 million by the end of 2030. Additionally, the company aims to enable USD 80 billion in cumulative e-commerce exports, extend AI benefits to 15 million small businesses, and introduce AI education to 4 million government school students by 2030.
Jassy praised Prime Minister Modi's vision, saying, "Prime Minister's vision over the last 12 years is just remarkable. And you can see it in the development of the country and how important the country is in almost every aspect around the world. And when I have the good fortune to spend time with him, he has so many ideas for how to continue to make the country better on every dimension. It's very noteworthy, it's very remarkable, and it's impressive."
Cumulative Investment Surpasses USD 88 Billion
With this new commitment, Amazon's cumulative financial investments in India from 2010 to 2030 will exceed USD 88 billion, spread across e-commerce networks, quick commerce operations, and technology infrastructure. Jassy reiterated the company's dedication on social media, posting on X: "Really enjoyed my meeting with Prime Minister @narendramodi about what's ahead for Amazon in India. We've been serving customers, sellers, developers, startups, and enterprises in India for more than a decade and just getting started. Shared that we're investing $48 billion over the coming five years, including $21+ billion in AI and cloud infrastructure. By 2030, we plan to support 3.8 million jobs, enable $80 billion in ecomm exports, and bring benefits of AI to 15 million small businesses and 4 million government school students. Excited about what's ahead. Still early days for what we can build."
