Amazon to invest another $15 billion in India by 2030; to generate 2M jobs

Ecommerce giant Amazon said it will invest an additional $15 billion or Rs 1.23 lakh crore in India over the next 7 years, taking its total India investment across all businesses to $26 billion.

The announcement comes after Amazon CEO Andy Jassy met Indian Prime Minister Narendra Modi in Washington DC in the US on Friday.

Notably, Amazon CEO Andy also spoke about supporting Indian startups, creating jobs, enabling exports, digitisation, and empowering individuals and small businesses to compete globally.

It's worth mentioning that the e-commerce giant has pledged to digitise 10 million small businesses, enable $20 billion in exports, and create 2 million jobs in India by 2025. The company, so far, said has digitised over 6.2 million small businesses, enabled over $7 billion in exports, and created over 1.3 million direct and indirect jobs in the country.

"I had a very good and productive conversation with Prime Minister Modi. I think we share a number of goals. Amazon is one of the biggest investors in India. We have invested USD 11 billion till date and intend to invest another USD 15 billion, which will bring the total to USD 26 billion. So we are very much looking forward to the future of partnering," Jassy said on Friday, as per PTI. He also shared the information on Twitter.

Amazon, which began its India operations in 2013, said its cloud technology unit Amazon Web Services (AWS) will invest $12.9 billion in the country by the end of 2030.

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