Amazon announces mega investment of $35 billion in India over next 5 years, US giant eyes AI push

Amazon Inc on Wednesday announced a mega investment of $35 billion in India over the next five years, sharply increasing the scale of its investment in the key growth market.

Amazon’s announcement comes a day after Microsoft CEO Satya Nadella met Prime Minister Narendra Modi and pledged to invest $17.5 billion in India.

Amazon’s investment plan in India is the e-commerce giant’s strongest signal that the country remains a key growth market for boosting spending and expanding businesses, even as US President Donald Trump warns US companies of tariffs if they set up business in other countries.

The US e-commerce giant said in a statement that it will invest more than $35 billion in India by 2030 in businesses including areas such as artificial intelligence and logistics infrastructure.

“Amazon reiterated its commitment to India and announced that it plans to invest more than $35 billion across all its businesses in the country by 2030 and will focus on three strategic pillars – AI-driven digitalisation, export growth and job creation – along with business expansion,” the company said. he said.

The plan was announced in the Economic Impact Report of the Keystone Strategy, released at the sixth edition of the Amazon Smbhav Summit held in New Delhi on Wednesday, December 10.

(This is a developing story. Check back for updates)