Amazon said on Wednesday it will invest billions of dollars in 2030, taking its planned commitment in the country to about $75 billion due to the creation of retail and cloud operations in the Southern state.
The e-commerce giant said The new investment will support efforts to give small business a boost and strengthen its logistics and operations footprint in India. The company says it aims to enable AI access to 15 million small businesses and generate 1 million direct, indirect, informal and manguin and seasonal jobs by 2030.
Completing the Economic Impact Report by Keystone Strategy, Amazon says it has invested nearly $40 billion in India so far. In 2023, Amazon said it would invest $15 billion in the country by 2030 – from that, $12.7 billion has advised cloud businesses through Amazon Web Services.
Amazon’s new plan comes a day after Microsoft’s said it would invest $17.5 billion in India by 2029. And in October, Google said it will spend $15 billion Establish AI HUB and Central Data infrastructure in the country.
India is an important market for big technology, drawn by a large populace, which features more than a few Internet users and hundreds of millions of smartphone users. The country is also attracting the attention of AI firms such as openai, antroplop and worry, as a large part of the population is coming quickly, and the growing developer is speeding up the application of Genai.
“One of the things I’m interested in is what’s happening here,” said Russell Grandinetti, Amazon’s international store senior, at the SMPBHAV-focused SMA event in New Delhi. “It’s definitely going to be part of how we run our business around the world.”
Amazon faces strong competition in India from paid Walart-flickart, Meeshoand fast commerce firms such as Instamaman SWIGGY, Blinkit SWIGGY, and Zepto Zomato, which are fast growing and target the same urban consumer base. However, with a very large logistics network and more than 1.7 million sellers, the company enjoys an advantage of scale in the market.
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“India continues to be one of the biggest long-term opportunities,” said Amit Aggarwal, senior VP of emerging markets at Amazon.