Amazon to spend over $35 Billion in India to advance AI and exports

Amazon said it will invest more than $35 billion in India by 2030 to expand operations, strengthen artificial intelligence capabilities and increase exports. The announcement on Wednesday adds to a year of heavy spending by global technology companies seeking growth in Asia’s third-largest economy.

U.S. tech firms have committed large sums to India in recent months. The country has become a central base for cloud, AI and deep-tech development. Microsoft announced a $17.5 billion investment on Tuesday for AI and cloud infrastructure through 2030, its largest commitment in Asia. Google has pledged $15 billion over five years to build AI data centers.

Amazon said its plans align with India’s broader national goals. The company cited priorities such as expanding AI capacity, improving logistics networks, supporting small businesses and creating employment. It said the new investment will help build out the resources needed to meet rising demand across its marketplace and cloud segments.

Competition in India’s e-commerce sector has intensified. Amazon has increased spending to challenge Walmart-backed Flipkart and Reliance Industries’ retail unit. The company has invested $40 billion in India since 2010, including a $26 billion commitment announced in 2023.

Amazon said it intends to create an additional one million job opportunities in India by 2030. It also said sellers on its platform have generated more than $20 billion in cumulative exports over the past decade. The firm aims to increase that figure to $80 billion by 2030 through expanded global sales programs.

India’s position as the world’s most populous nation and its fast-growing internet user base have made it a key market for major technology firms. The expanding adoption of digital services has pushed companies to scale up infrastructure and local partnerships to reach customers across the country.

Amazon said its latest investment will support long-term expansion in one of its most important international markets. The company said continued growth in AI, logistics and exports will strengthen its ability to serve Indian consumers and businesses as usage of online services accelerates.