Amazon announced Thursday that it plans to invest an additional $13 billion in India by 2030, with the funds earmarked for expanding the company’s artificial intelligence and cloud computing infrastructure.
The newly announced funding builds on top of a previously planned $35 billion investment that the e-commerce giant revealed last year. Combined, Amazon’s total financial commitment to India now stands at $48 billion through the end of the decade.
The announcement was made following a face-to-face meeting between Amazon CEO Andy Jassy and Indian Prime Minister Narendra Modi in New Delhi on Thursday.
Jassy took to the social media platform X to share details of the commitment, writing: “Shared that we’re investing $48 billion over the coming five years, including $21+ billion in AI and cloud infrastructure.”
According to a company statement, the $13 billion in new investment will be directed toward building out AI and cloud infrastructure in the Mumbai and Hyderabad regions of India.
Amazon is not alone in making major financial bets on India. Several large American technology companies have committed billions to the country, reflecting its growing importance as a center for cloud computing, artificial intelligence, and advanced technology development.
Microsoft has pledged $17.5 billion toward AI and cloud infrastructure in India, while Google has committed $15 billion over the next five years to construct AI data centers there.
