Amazon has invested about $11 billion in India so far and plans to invest nearly $15 billion more by 2030.
Post Date – Sat 23/24 at 12:45pm
Washington: E-commerce giant Amazon has pledged to invest $26 billion in India by 2030, Chief Executive Andy Jassy said after meeting Indian Prime Minister Narendra Modi here on Saturday.
Amazon has invested about $11 billion in India so far and plans to invest nearly $15 billion more by 2030.
“Productive meeting with PM Narendra Modi. Discussed Amazon’s commitment to invest $26 billion in India by 2030,” Jassy tweeted after meeting PM Modi, which ended on Friday A three-day state visit to the United States.
The Amazon CEO added: “Together, we will support start-ups, create jobs, boost exports, and help individuals and small businesses compete globally.”
India is an important market for Amazon, which has invested more than $6.5 billion in Indian e-commerce over the past decade.
In May, Amazon Web Services (AWS), the cloud arm of e-commerce giant Amazon, announced plans to invest 1,056 billion rupees ($12.7 billion) in cloud infrastructure in India by 2030 to meet growing customer demand for cloud services domestic.
The investment is expected to contribute Rs 1,947 billion ($23.3 billion) to India’s gross domestic product (GDP) by 2030.
AWS’ total investment in India will reach Rs 136,500 crore ($16.4 billion) by 2030, following AWS’ investment of Rs 309 billion ($3.7 billion) between 2016 and 2022.
AWS has two regions for data center infrastructure in India: the AWS Asia Pacific (Mumbai) Region launching in 2016 and the AWS Asia Pacific (Hyderabad) Region launching in November 2022.
The firm estimates its overall contribution to India’s GDP at more than 382 billion rupees ($4.6 billion) between 2016 and 2022, with investments providing about 39,500 jobs for Indian businesses annually.
