Amazon CEO Andy Jassy met Prime Minister Narendra Modi on Thursday, where he detailed his company’s big investment plans in India during 2026-2030. Amazon is the latest multinational company to expand its plans for the country, which is already seeing an influx of several new investment commitments from global companies.
The e-commerce giant announced on June 25 that it will raise its investment commitment in India to $48 billion by 2030. The announcement came after Amazon CEO Andy Jassy met Prime Minister Narendra Modi, and follows a series of major investment commitments by global companies across sectors such as artificial intelligence, cloud infrastructure, manufacturing and data centres.
Among the biggest announcements this year was Google’s five-year plan to invest $15 billion in AI infrastructure in India. The plan, unveiled in February, includes investments in subsea connectivity, data centres, cloud capacity and artificial intelligence skills initiatives.
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India’s rapidly expanding data center sector has also attracted significant global capital. On June 5, Australian data center operator AirTrunk announced plans to invest $30 billion in the country to build 5 gigawatts of data center capacity by 2030.
On June 17, the Canada Pension Plan Investment Board (CPP Investments) committed up to $7,000 crore along with CtrlS Datacenters to expand hyperscale data center capacity and digital infrastructure in India.
Manufacturing and industrial investments
Global manufacturing companies and industrial companies have also intensified their investments in India.
Swiss engineering and technology company ABB announced a $75 million investment on March 9 to expand its manufacturing and R&D capabilities across key industrial sectors.
French building materials company Saint-Gobain followed with a new investment commitment of one billion euros over the next five years. The investment, announced on June 18, will be used to expand the company’s operations in India, which it has described as one of its fastest growing markets.
The investment announcements come at a time when companies around the world face trade-related uncertainty and geopolitical tensions, including the ongoing crisis in West Asia.
