Prime Minister Narendra Modi welcomed Amazon's record USD 48 billion investment in India, stating it demonstrates growing global interest in the Indian market. The announcement followed a high-level meeting between PM Modi and Amazon CEO Andy Jassy in New Delhi, where the technology giant outlined its capital allocation plans for 2026-2030.
Investment Details and Economic Impact
Amazon's investment of USD 48 billion over five years represents a significant increase from the previously planned USD 35 billion. The company revealed that USD 21 billion of this amount is specifically earmarked for cloud computing and artificial intelligence infrastructure, with USD 13 billion being an incremental addition announced during the meeting. This capital will expand Amazon Web Services data center capacities in Mumbai and Hyderabad.
PM Modi posted on X: "A great meeting with Mr. Andy Jassy. I welcome Amazon's record $48 billion investment in India. This will create new opportunities for our youth. At the same time, it shows the growing interest across the world to invest in India."
Job Creation and Export Targets
Amazon plans to support 3.8 million jobs by 2030, up from 2.8 million in 2024. The company also 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.
Andy 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
The primary driver for the increased financial commitment is expanding demand within the digital economy. The incremental USD 13 billion is focused on cloud and AI, reflecting India's growing significance as a global hub for these technologies. Jassy noted: "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."
Long-Term Commitment
Amazon's cumulative financial commitments in India between 2010 and 2030 will exceed USD 88 billion, spanning e-commerce networks, quick commerce operations, and technology infrastructure. Jassy praised PM Modi's vision: "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."
