
CNBC.COM
'$35 billion'
Amazon pledges massive $35 billion worth of investments in India
SUMMARY
Amazon plans to invest over $35 billion in India's cloud and AI sectors by 2030. This announcement was made at the Amazon Smbhav Summit in New Delhi. This new investment builds on nearly $40 billion already spent in the country.
The funds will focus on AI-driven digitization, export growth, and job creation. Amazon aims to create an additional 1 million jobs, quadruple exports to $80 billion, and deliver AI benefits to 15 million small businesses.
As India's AI spending grows, there is a significant opportunity to improve compute infrastructure. This investment shows Amazon's confidence in India's digital economy during an accelerating market push by big tech.
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