PM Modi welcomes Amazon’s $48 bn India investment, calls it global vote of confidence
WELCOMING Amazon's record $48 billion investment, Prime Minister Narendra Modi stated that it showed a growing interest across the world to invest in India.
The statement followed a high-level meeting in New Delhi between Prime Minister Modi and Amazon Chief Executive Officer Andy Jassy, where the technology giant announced it will allocate 48 billion dollars in capital to India between 2026 and 2030.
"A 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, it shows the growing interest across the world to invest in India," the Prime Minister posted on X.
The PM's post was in reply to Amazon CEO Andy Jassy's post which confirmed that Amazon would invest $48 billion in India in the coming five years.
"Really enjoyed my meeting with Prime Minister @narendramodi about what's ahead for Amazon in India,” the Amazon CEO wrote on X.
“We've been serving customers, sellers, developers, startups, and enterprises in India for more than a decade and are just getting started. Shared that we're investing $48 billion over the coming five years, including $21+ billion in AI and cloud infrastructure,” he added.
“By 2030, we plan to support 3.8 million jobs, enable $80 billion in e-commerce exports, and bring the benefits of AI to 15 million small businesses and 4 million government school students. Excited about what's ahead. Still early days for what we can build,” Jassy wrote.
"We've invested $40 billion in India since the year 2010. And then at the end of last year, we announced that we were going to invest another $35 billion in India between 2026 and 2030. And we just announced today that we're going to increase that amount from 35 billion to an incremental $48 billion of investment between 2026 and 2030," he added.
The primary driver for the increased financial commitment stems from expanding demands within the digital economy, prompting the company to scale up its resource allocation from an initial $35 billion targeted for the late-decade window.
A specific segment of this capital deployment targets advanced digital systems. The updated projection introduces a specific $13 billion addition to accelerate cloud computing and artificial intelligence development, adjusting the total planned investment for cloud infrastructure to more than $21 billion over the five years.
This capital deployment will expand Amazon Web Services' data centre capacities in Mumbai and Hyderabad.
A fair amount of our investment is in our marketplace business, but the incremental $13 billion we announced today is focused on cloud and AI.
"India is becoming such a significant cloud and AI hub around the world, and we have so much demand here that we're continuing to invest in the country on the cloud side and the AI side as well,” he added.
