Amazon to invest $35 billion in India
Aim to create 1 million additional jobs by 2030
New Delhi . E-commerce giant Amazon is planning a massive investment of $35 billion or approximately ₹3.14 lakh crore by 2030 across all its business segments in India. This announcement was made during the company's Amazon Sambhaavna Summit. Amazon's Senior Vice President for Emerging Markets, Amit Agarwal, said that the company will focus on AI-based digitization, boosting exports and job creation in India.
The target is to create 1 million additional jobs by 2030.
Amazon has invested more than other companies.
Amazon's investment plan is double Microsoft's $17.5 billion investment plan and nearly 2.3 times Google's $15 billion investment plan by 2030. Agarwal said the company has invested extensively in building physical and digital infrastructure. This includes fulfillment centers, transportation networks, data centers, digital payment infrastructure, and technology development.
Key role in digitizing small businesses
: According to the Keystone Report, Amazon has digitized more than 12 million small businesses and enabled cumulative e-commerce exports worth $20 billion, while supporting approximately 2.8 million direct, indirect, induced, and seasonal jobs across various industries in India by 2024. To boost export growth from India, Amazon has launched the manufacturing-focused initiative Accelerate Exports. It aims to connect digital entrepreneurs with trusted manufacturers and enable manufacturers to become successful global sellers. Under this program, Amazon will conduct on-ground onboarding drives in over 10 manufacturing clusters across India, including Tirupur, Kanpur and Surat.
