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Amazon will invest USD 35 billion in India over the next five years to grow in AI, logistics, cloud computing, and quick commerce. The company, which has invested USD 40 billion since 2010, aims to create one million new jobs and raise exports for Indian sellers from USD 20 billion to USD 80 billion by 2030. Programs like 'Accelerate Exports' and partnerships with industry bodies will help small businesses and manufacturers reach global markets. The move strengthens Amazon's position against Flipkart, local conglomerates, and fast-delivery firms while supporting India's digital and economic growth.
Amazon has announced it will invest USD 35 billion in India over the next five years to strengthen its presence in quick commerce, cloud computing, artificial intelligence, and logistics. This major investment underscores India's position as one of the fastest-growing markets in the world. The announcement comes after Microsoft pledged USD 17.5 billion for AI, data centres, and cloud infrastructure, while Google has committed USD 15 billion over the next five years for AI-focused data centres in India. Advertisement
The company said this investment would support the creation of one million new jobs across direct, indirect, induced, and seasonal roles. Amazon is ramping up its efforts to compete with Walmart-backed Flipkart, Mukesh Ambani-led enterprises, and fast-delivery platforms like Blinkt, Instamart, and Zepto.
Since entering the Indian market in 2010, Amazon has invested USD 40 billion, including a USD 26 billion commitment in 2023. With the new investment, Amazon aims to increase exports from India for sellers from USD 20 billion to USD 80 billion by 2030. These investments align with India's national priorities, focusing on AI development, improving logistics infrastructure, supporting small businesses, and generating employment.
Amit Agarwal, head of emerging markets at Amazon, shared during the Amazon Smbhav Summit that the company has digitally empowered over 12 million small businesses and supported around 2.8 million jobs across various industries as of 2024. He highlighted that Amazon's growth strategy focuses on democratizing access to AI for millions of Indians while boosting trade and exports.
Amazon has invested extensively in both physical and digital infrastructure, including fulfilment centres, data centres, transportation networks, digital payments systems, and technology development. Earlier, in May 2023, Amazon had announced plans to invest USD 12.7 billion by 2030 in cloud and AI infrastructure across Telangana and Maharashtra, with USD 3.7 billion already invested between 2016 and 2022.
To further expand exports, Amazon launched the 'Accelerate Exports' initiative. This program connects digital entrepreneurs with reliable manufacturers and helps them become global sellers. The company plans to conduct on-ground onboarding drives in more than 10 manufacturing clusters across India, including Tirupur, Kanpur, and Surat. Additionally, Amazon has partnered with the Apparel Export Promotion Council of India to scale the initiative nationwide, helping local manufacturers reach international markets efficiently.
Source PTI
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