Amazon's $35 Billion Investment Plan in India: Boosting AI, Exports, and Creating One Million Jobs by 2030

Amazon has announced plans to invest USD 35 billion (over Rs 3.14 lakh crore) in India by 2030 across its various business operations.

New Delhi:

The e-commerce giant Amazon has revealed its ambitious plan to inject USD 35 billion into India by 2030, with key focus areas including AI-driven digitization, export growth, and job creation, according to a senior company official on Wednesday.

During the Amazon Smbhav Summit, Amit Agarwal, Senior VP of Emerging Markets, disclosed that the company aims to quadruple exports from India to USD 80 billion from the current USD 20 billion it has facilitated. Additionally, Amazon plans to generate an additional one million direct, indirect, induced, and seasonal jobs by 2030.

"Amazon to date has invested USD 40 billion in India since 2010. Now we will invest another USD 35 billion by 2030 across all our businesses in India," Agarwal stated.

Amazon's investment commitment significantly outpaces those of other tech giants, being twice Microsoft's planned investment of USD 17.5 billion and approximately 2.3 times Google's USD 15 billion investment plan targeted for 2030.

Agarwal emphasized that Amazon has already invested USD 40 billion in India, establishing itself as the largest foreign investor in the country according to a Keystone report compiled from publicly available data.

In May 2023, Amazon had previously announced plans to invest USD 12.7 billion in India by 2030 for local cloud and AI infrastructure across Telangana and Maharashtra. Between 2016 and 2022, the company has already invested USD 3.7 billion in the country.

Agarwal highlighted that Amazon has invested extensively in building both physical and digital infrastructure, including fulfillment centers, transportation networks, data centers, digital payment infrastructure, and technology development.

The Keystone report indicates that Amazon has digitized over 12 million small businesses and enabled USD 20 billion in cumulative e-commerce exports, while supporting approximately 2.8 million jobs across various industries in India in 2024.

To accelerate export growth from India, Amazon launched "Accelerate Exports," an initiative focused on manufacturing that connects digital entrepreneurs with trusted manufacturers while enabling manufacturers to become successful global sellers.

The program includes on-ground onboarding drives in more than 10 manufacturing clusters throughout India, including Tirupur, Kanpur, and Surat.

At the Smbhav summit, Amazon announced a strategic partnership with the Apparel Export Promotion Council of India to expand and scale the program nationwide.