NEW DELHI, June 25 (ANI) — Welcoming Amazon’s record $48 billion investment, Prime Minister Narendra Modi said on Thursday that the move reflects growing global interest in investing in India.
The statement came after a high-level meeting in New Delhi between Prime Minister Modi and Amazon Chief Executive Officer Andy Jassy, during which the technology company announced it will invest $48 billion in India between 2026 and 2030.
“A great meeting with Mr. Andy Jassy. I welcome Amazon’s record $48 billion investment in India. This will create new opportunities for our youth. At the same time, it shows the growing interest across the world to invest in India,” the prime minister posted on X.
Modi’s post was in response to Jassy’s announcement confirming Amazon’s investment plan for the next five years.
“Really enjoyed my meeting with Prime Minister @narendramodi about what’s ahead for Amazon in India. We’ve been serving customers, sellers, developers, startups, and enterprises in India for more than a decade and just getting started. Shared that we’re investing $48 billion over the coming five years, including $21+ billion in AI and cloud infrastructure. By 2030, we plan to support 3.8 million jobs, enable $80 billion in e-commerce exports, and bring benefits of AI to 15 million small businesses and 4 million government school students. Excited about what’s ahead. Still early days for what we can build,” Jassy said.
He added that Amazon has invested $40 billion in India since 2010 and had earlier announced plans to invest another $35 billion in the country between 2026 and 2030.
“We’ve invested $40 billion in India since the year 2010. And then at the end of last year, we announced that we were going to invest another $35 billion in India between 2026 and 2030. And we just announced today that we’re going to increase that amount from $35 billion to an incremental $48 billion of investment between 2026 and 2030,” Jassy said.
The increase comes amid rising demand in India’s digital economy, prompting the company to expand its capital allocation beyond the original five-year plan.
A significant portion of the new investment will be directed toward advanced digital infrastructure. Jassy said the updated plan includes an additional $13 billion for cloud computing and artificial intelligence, bringing total planned investment in cloud infrastructure to more than $21 billion over five years.
“This additional investment will expand Amazon Web Services data center capacity in Mumbai and Hyderabad,” the company said.
“A fair amount of our investment is in our marketplace business, but the incremental $13 billion we announced today is focused on cloud and AI,” Jassy said. “India is becoming such a significant cloud and AI hub around the world, and we have so much demand here that we’re continuing to invest in the country on the cloud side and the AI side as well.”
Amazon also outlined long-term employment and economic targets tied to the investment. The company expects its direct and indirect jobs supported in India to grow from 2.8 million in 2024 to 3.8 million by 2030.
Other goals through 2030 include enabling $80 billion in cumulative e-commerce exports, extending AI benefits to 15 million small businesses, and introducing AI education to 4 million government school students.
“Prime Minister’s vision over the last 12 years is just remarkable. And you can see it in the development of the country and how important the country is in almost every aspect around the world,” Jassy said. “And when I have the good fortune to spend time with him, he has so many ideas for how to continue to make the country better on every dimension. It’s very noteworthy, it’s very remarkable, and it’s impressive.”
Amazon’s total financial commitments in India from 2010 through 2030 will exceed $88 billion, spanning e-commerce, quick commerce, and technology infrastructure. (ANI)
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