Andy Jassy, Amazon’s president and CEO, said Thursday that the technology company aims to invest about $48 billion and expand its artificial intelligence and cloud infrastructure in the country. With the deadline set for 2030, Jassy also highlighted Prime Minister Narendra Modi’s vision for India.
“The Prime Minister’s vision over the last 12 years is absolutely amazing. 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.
The Amazon CEO also mentioned that since 2010, the tech company has invested $40 billion in India, and an additional investment of $35 billion was announced last year.
“We just announced that we will increase this amount from $35 billion to $48 billion in additional investments between 2026 and 2030,” Jassy said.
“Interest in investing in India”
Hailing the investment announcement, Prime Minister Narendra Modi said that Amazon’s additional investment of $13 billion shows a growing interest in the world to invest in India.
“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, there is growing interest around the world in investing in India,” the Prime Minister posted on X.
“India is becoming an important hub for cloud and AI around the world, and we have such a huge demand here that we continue to invest in the country on the cloud side and the AI side as well,” Jassy said, adding that the investment will also bring employment opportunities and long-term economic metrics to the country.
An official statement from Amazon said: “In line with government priorities, Amazon has pledged to support more than 3.8 million jobs, enable $80 billion in cumulative e-commerce exports and deliver the benefits of AI to 15 million small businesses and 4 million public school students by 2030.”
