Amazon To Invest $35 Billion In India By 2030 With Focus On AI-Driven Digitalisation

E-commerce

giant Amazon is set to invest a mega-investment of USD 35 billion, over Rs 3.14 lakh crore, in India by 2030 across its businesses with a focus on AI-driven digitisation, export growth and job creation, a senior company official said on Wednesday.

Senior VP Emerging Markets, Amit Agarwal, made the announcement during the Amazon Smbhav Summit, saying the company has set a target to quadruple exports from India to USD 80 billion from about USD 20 billion.

“Amazon to date has invested USD 40 billion in India since 2010. Now we will invest another USD 35 billion by 2030 across all our businesses in India,” Agarwal said.