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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.

According to Aggarwal, Amazon aims to increase exports from India through its platform from the current $20 billion to $80 billion. The company also aims to create 1 million additional jobs by 2030, including direct, indirect, seasonal, and induced employment. He added that Amazon has invested $40 billion in India since 2010. According to a Keystone report compiled from publicly available data, it is the largest foreign investor in India.
Aggarwal pointed out that in May 2023, Amazon announced plans to invest $12.7 billion in India by 2030 in its local cloud and AI infrastructure in Telangana and Maharashtra. The company has already invested $3.7 billion in India between 2016 and 2022.

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. 


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