Amazon announces USD 35 billion India investment by 2030

Amazon on Wednesday announced plans to invest USD 35 billion in India by 2030 across its businesses, a move that comes a day after Microsoft committed USD 17.5 billion investment in the country. The announcement was made at the Amazon Smbhav Summit, where the company set out new targets around AI-driven digitisation, export growth and job creation.

Speaking at the event, Senior VP Emerging Markets Amit Agarwal said Amazon aims to quadruple exports from India to USD 80 billion by 2030, up from about USD 20 billion facilitated to date, and create an additional one million direct, indirect, induced and seasonal jobs.

“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 said.

Amazon’s planned investment is twice Microsoft’s USD 17.5 billion commitment and close to 2.3 times Google’s USD 15 billion investment plan by 2030.

Agarwal said the company has invested USD 40 billion in India to date and is the largest foreign investor in India, according to a Keystone report compiled from publicly available data.

In May 2023, Amazon said it would invest USD 12.7 billion in India by 2030 in its local cloud and AI infrastructure across Telangana and Maharashtra. The company has already invested USD 3.7 billion in India between 2016 and 2022.

Agarwal said the company has invested at scale to build physical and digital infrastructure, including fulfilment centres, transportation networks, data centres, digital payments infrastructure and technology development.

According to the Keystone report, Amazon has digitised over 12 million small businesses and enabled USD 20 billion in cumulative ecommerce exports, while supporting approximately 2.8 million direct, indirect, induced and seasonal jobs across industries in India in 2024.

To push export growth, Amazon launched “Accelerate Exports”, a manufacturing-focused initiative designed to connect digital entrepreneurs with trusted manufacturers and help manufacturers become successful global sellers.

As part of the programme, Amazon will hold on-ground onboarding drives in over 10 manufacturing clusters across India, including Tirupur, Kanpur and Surat.

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