PM Modi welcomes Amazon’s record $48 billion investment in India 2026-2030, says it will create opportunities | Today’s news
Prime Minister Narendra Modi on Thursday welcomed Amazon’s decision to invest $48 billion in India, hours after he met the company’s Chief Executive Officer (CEO) Andy Jassy.
In a post on X, Modi wrote, “Great meeting Mr. Andy Jassy. I welcome Amazon’s record investment of $48 billion in India. This will create new opportunities for our youth. At the same time, it shows the growing interest of the whole world to invest in India!”
Amazon CEO meets PM Modi and announces record investment
His remarks came after a meeting with Jassy, who announced the tech giant’s decision to invest $48 billion in the country in a social media post. Jassy wrote, “I really enjoyed my meeting with the PM about what’s in store for Amazon in India. We’ve been serving customers, sellers, developers, startups and enterprises in India for over a decade and we’re just getting started.”
He further stated that the company has decided to invest $48 billion over the next five years, of which $21+ billion will be invested in artificial intelligence (AI) and cloud infrastructure. Jassy announced that “by 2030, we plan to support 3.8 million jobs, enable $80 billion in e-commerce exports, and bring the benefits of artificial intelligence to 15 million small businesses and 4 million public school students.”
Amazon has announced more investments in India
The tech giant is investing an additional $13 billion in India, bringing its total planned capital commitment to $48 billion between 2026 and 2030. The new investment is in addition to the $35 billion announced last year.
The fresh investment underscores the company’s long-term commitment to India, which the CEO identified as one of the company’s most important growth markets globally.
Jassy added that Amazon’s business in India is experiencing strong momentum, driven by strong consumer demand across e-commerce and Amazon Web Services (AWS), its cloud computing division.
In a statement, the company said the latest $13 billion investment will offer AI support and cloud infrastructure in Mumbai and Hyderabad, “giving startups, enterprises and government organizations access to their own AI chips, managed AI services, secure and reliable cloud technologies and developer tools for faster innovation, rapid scaling and customer service around the world.”
Amazon’s cumulative investment in India from 2010 to 2030 currently stands at over $88 billion.
Amazon to launch several initiatives in India
The tech giant has announced plans to launch more than 20 new distribution centers and more than 100 new last-mile delivery stations this year, bringing faster and more reliable deliveries to customers across the country, especially in tier 3 and 4 cities, offering a full spectrum of the fastest speeds and the largest selection with delivery within minutes, hours and next day. Amazon also announced ‘Sammaan’, a dedicated program aimed at the well-being of the tens of thousands of delivery drivers who power its e-commerce and quick-shop network.
Amazon.in has over 100 million customers and over 1.7 million sellers, according to the company, adding that the firm sees 85 percent of new customers and over 65 percent of orders from tier 2 and 3 cities.
Amazon is investing heavily in India
Over the past decade, Amazon has invested heavily in India, building logistics networks, technology infrastructure and digital services as it seeks to deepen its presence in one of the world’s fastest-growing major economies.
The latest investments make Amazon among India’s largest global investors in AI and cloud infrastructure. The company said, “The latest investment makes Amazon one of the largest global investors in AI and cloud infrastructure in India, in addition to being the largest foreign investor in India, the largest facilitator of e-commerce exports and one of the largest job creators in the country,” Amazon said.
