Amazon (AMZN) has announced plans to invest more than $35 billion across all its businesses in India through 2030.
The commitment, unveiled at the Amazon (AMZN) Smbhav Summit in New Delhi, builds on nearly $40 billion already invested in the country.
In a press release, Amazon said the new funds will target AI-driven digitization, export growth, and job creation.
By 2030, the tech giant said the plan is expected to generate an additional 1 million direct, indirect, induced, and seasonal jobs in India, quadruple exports to $80 billion, and deliver AI benefits to 15 million small businesses.
The investment also comes soon after Microsoft (MSFT) announced plans to invest $17.5 billion in India’s AI infrastructure as Big Tech players accelerate their push into the market.
