Amazon has pledged to invest more than U$35 billion (c. £26bn) across all its businesses in India by the end of the decade.
Announced at the ‘Amazon Smbhav Summit’ in New Delhi on 10 December, the investment will focus on business expansion, AI-driven digitisation, export growth and job creation.
The news comes as an ‘Economic Impact Report’ by Keystone Strategy revealed Amazon’s cumulative investments of nearly US$40bn (£30bn) have established the company as the largest foreign investor in India and enabler of US$20bn (£15bn) in cumulative ecommerce exports.
“We are humbled to have been a part of India’s digital transformation journey over the past 15 years, with Amazon’s growth in India perfectly aligned with the vision of an Atmanirbhar and Viksit Bharat,” said Amit Agarwal, senior VP emerging markets at Amazon.
“We have invested at scale in growing the physical and digital infrastructure for small businesses in India, creating millions of jobs, and taking Made-in-India global.”
In 2030, Amazon said it will support 3.8 million direct, indirect, induced and seasonal jobs in India, up from 2.8. million in 2024.
The growth will stem from Amazon’s business expansion as well as its growing fulfilment and delivery network, which also supports parallel industries including packaging, manufacturing and transportation.
Amazon is targeting US$80bn (c. £60bn) in cumulative ecommerce exports by 2030.
Additionally, by 2030, Amazon plans to expand its AI-powered tools to 15 million small businesses, enhance shopping experience through its Lens AI and Rufus platforms, as well as support AI education and career exploration opportunities in schools.
In October, global logistics company DP World announced its plans to invest US$5bn (£3.8bn) to strengthen multimodal connectivity across its supply chain network in India.
