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Amazon to Invest $15 Billion in India by 2030

2023-06-27

Amazon is increasing its investment in India by committing an additional $15 billion over the next seven years. This brings Amazon's total investment in India across all companies to $26 billion.

The statement came while Amazon CEO Andy Jassy was in the United States meeting with Indian Prime Minister Narendra Modi. In a tweet, Jassy said, “Discussed Amazon’s commitment to invest $26B in India by 2030; working together we will support startups, create jobs, enable exports, and empower individuals and small businesses to compete globally.”

Amazon has committed to digitise 10 million small businesses, enabling $20 billion in exports, and generate 2 million employment in India by 2025, according to an Amazon.in blog post. Amazon India has already digitized over 6.2 million small companies, facilitated over $7 billion in exports, and created over 1.3 million direct and indirect jobs.

The company recently celebrated its tenth anniversary in India. “It’s been an incredible journey of making an Amazon in India, for India. We are truly just getting started. With a young and vibrant population, rising income levels, and increasing penetration of the internet and social media, the future is exciting,” said Manish Tiwary, VP and country manager, Consumer Business, Amazon India in a company blog post as the company celebrated a decade here.