Amazon to invest $35B in India by 2030
What's the story
Amazon has announced plans to invest over $35 billion in India by 2030. The investment will be used to expand its operations, particularly in artificial intelligence (AI) and logistics infrastructure, while also aiming to boost exports. This move comes as global tech giants continue to strengthen their presence in Asia's third-largest economy.
Job creation
Amazon's investment to create 1M jobs in India
Along with bolstering its AI capabilities and improving logistics infrastructure, Amazon's investment plan also includes a major focus on job creation. The company has said that it hopes to create an additional one million jobs in India by 2030 as part of this ambitious plan. This comes as part of its continued efforts to support small business growth and contribute to the country's economy.
Strategic alignment
Investment aligns with India's national priorities
Amazon's massive investment in India is not just about business expansion. The company has said that its plans are "strategically aligned with India's national priorities." This means the tech giant will be focusing on areas like AI capabilities, logistics infrastructure, small business growth, and job creation. The move comes as part of a broader trend of US tech giants investing heavily in India this year.
Market competition
Plans to boost exports and compete with rivals
Amazon has also revealed plans to quadruple its e-commerce exports from India to $80 billion by 2030. The company has already generated over $20 billion in cumulative exports for Indian sellers over the last decade. This move is part of a larger strategy as Amazon tries to keep up with local competitors like Walmart-backed Flipkart, Blinkit, Swiggy's Instamart, and Zepto who have popularized near-instant deliveries among Indian consumers.