New Delhi [India], June 25: Amazon CEO Andy Jassy on Thursday, met Prime Minister Narendra Modi at Seva Teerth and announced that the company will increase its planned investment in India to $48 billion between 2026 and 2030, up from the previously announced $35 billion.
Following the meeting, Jassy praised Modi's leadership and said Amazon is inspired by the Prime Minister's vision of a "Viksit" and "Aatmanirbhar Bharat."
He described India as an increasingly important global player and reaffirmed Amazon's commitment as a long-term partner in the country's growth story.
Jassy said,
"The Prime Minister's vision over the last 12 years has been truly remarkable. You can see it reflected in the country's development and India's growing importance across nearly every sphere around the world"
According to Jassy, Amazon has invested $40 billion in India since 2010. Of the additional $13 billion announced on Thursday, a significant portion will be directed towards cloud computing and artificial intelligence as India emerges as a major hub for both sectors.
Jassy also said Amazon's investments had supported around 2.8 million direct and indirect jobs in India as of 2024, adding that the company aims to increase that figure to approximately 3.8 million by the end of 2030.
He also added that,
"A significant portion of our investments is directed toward our marketplace business. However, the additional $13 billion announced today will be focused on cloud computing and artificial intelligence. India is rapidly becoming a major global hub for cloud services and AI, and demand here continues to grow. As a result, we are expanding our investments in both areas. As of 2024, our investments have contributed to approximately 2.8 million direct and indirect jobs in the country. We hope to increase that number to around 3.8 million by the end of 2030.”
However, Amazon’s increased investment commitment in India due to its long-term presence in the country. The company is set to expand its operations across e-commerce, logistics, digital payments, cloud services, and technology infrastructure, supporting businesses and job creation.
The New AI & Cloud Expansion
The additional $13 billion investment will now largely focus on expanding cloud computing and artificial intelligence capabilities through Amazon Web Services (AWS). The expansion aims to strengthen India’s AI ecosystem by providing enterprises, startups, and government agencies access to advanced AI services, cloud infrastructure, and emerging technologies.
Prior Investment Commitment
Before the latest announcement, Amazon had committed $35 billion towards India by 2030, with plans to support job creation, increase e-commerce exports, and accelerate digital adoption among small businesses in 2025. The company had projected support for around 1 million jobs, expansion of cumulative e-commerce exports to $80 billion, and AI-driven digitisation support for millions of small and medium businesses.
Baseline Investments ($40 Billion):
Since, Amazon has entered India in 2010, Amazon has invested around $40 billion across multiple sectors. However, these investments has helped in building fulfilment and logistics networks, strengthen digital payment solutions, expand marketplace operations, and support the digitisation of more than 12 million small businesses.
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