Amazon Announces Major Investment in India
Amazon, an e-commerce leader, on Sunday announced plans to invest $35 billion in India by 2030. The investment, expected to promote business growth, as well as generate employment, was announced by the Amazon Sambhav Summit in Delhi. In the last 15 years, Amazon has invested $40 billion in India.
Focus Areas of Investment
Amazon said that the investment would focus on AI-based digitization, export growth, and employment generation in line with India's larger digital and economic ambitions. It has already digitized 1.2 million businesses in India. As of 2024, the company had created around 2.8 million direct, indirect, and seasonal jobs.
Job Creation Goals
Amazon plans to create an additional 1 million jobs in India by 2030. Amit Agarwal, Senior Vice President of Emerging Markets at Amazon, said, "We are happy to be part of India's digital journey for the last 15 years. Our growth aligns with the Government of India's Atmanirbhar and Vikasit goals."
Supporting Small Businesses
Agarwal added that Amazon has invested heavily in digital infrastructure for small businesses, creating millions of jobs and rapidly expanding the global reach of Made in India products.
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