<p>New Delhi: E-commerce giant <a href="https://www.deccanherald.com/tags/amazon">Amazon </a>plans to make a mega-investment of $35 billion, over Rs 3.14 lakh crore, in India by 2030 across its businesses with a focus on AI-driven digitization, export growth and job creation, a senior company official said on Wednesday.</p>.<p>Making the announcement during the Amazon Smbhav Summit, Senior VP Emerging Markets, Amit Agarwal, said the company has set a target to quadruple exports from India to $80 billion from about $20 billion it has facilitated as of now and create an additional one million direct, indirect, induced and seasonal jobs by 2030.</p>.<p>"Amazon to date has invested $40 billion in India since 2010. Now we will invest another $35 billion by 2030 across all our businesses in India," Agarwal said.</p>.<p>Amazon's investment plan is 2 times of Microsoft's investment plan of $17.5 billion and close to 2.3 times that of Google's $15 billion investment plan by 2030.</p>.<p>Agarwal said the company has invested $40 billion in India to date and is the largest foreign investor in India, according to a Keystone report compiled from publicly available data.</p>.AI has potential to be great equaliser: Amazon India head.<p>In May 2023, Amazon announced plans to invest $12.7 billion in India by 2030 into its local cloud and AI infrastructure across Telangana and Maharashtra. The company has already invested $3.7 billion in India between 2016 and 2022.</p>.<p>Agarwal said that the company has invested at scale towards building physical and digital infrastructure, including fulfilment centres, transportation networks, data centres, digital payments infrastructure and technology development.</p>.<p>According to the Keystone report, Amazon has digitized over 12 million small businesses and enabled $20 billion in cumulative ecommerce exports, while supporting approximately 2.8 million direct, indirect, induced and seasonal jobs across industries in India in 2024.</p>.<p>To push export growth from India, Amazon launched a manufacturing-focused initiative, "Accelerate Exports", designed to connect digital entrepreneurs with trusted manufacturers while enabling manufacturers to become successful global sellers.</p>.<p>As part of the program, Amazon will host on-ground onboarding drives in over 10 manufacturing clusters across India, including Tirupur, Kanpur, and Surat.</p>.<p>At the Smbhav summit, Amazon announced a key partnership with the Apparel Export Promotion Council of India to expand and scale the program nationwide. </p>
<p>New Delhi: E-commerce giant <a href="https://www.deccanherald.com/tags/amazon">Amazon </a>plans to make a mega-investment of $35 billion, over Rs 3.14 lakh crore, in India by 2030 across its businesses with a focus on AI-driven digitization, export growth and job creation, a senior company official said on Wednesday.</p>.<p>Making the announcement during the Amazon Smbhav Summit, Senior VP Emerging Markets, Amit Agarwal, said the company has set a target to quadruple exports from India to $80 billion from about $20 billion it has facilitated as of now and create an additional one million direct, indirect, induced and seasonal jobs by 2030.</p>.<p>"Amazon to date has invested $40 billion in India since 2010. Now we will invest another $35 billion by 2030 across all our businesses in India," Agarwal said.</p>.<p>Amazon's investment plan is 2 times of Microsoft's investment plan of $17.5 billion and close to 2.3 times that of Google's $15 billion investment plan by 2030.</p>.<p>Agarwal said the company has invested $40 billion in India to date and is the largest foreign investor in India, according to a Keystone report compiled from publicly available data.</p>.AI has potential to be great equaliser: Amazon India head.<p>In May 2023, Amazon announced plans to invest $12.7 billion in India by 2030 into its local cloud and AI infrastructure across Telangana and Maharashtra. The company has already invested $3.7 billion in India between 2016 and 2022.</p>.<p>Agarwal said that the company has invested at scale towards building physical and digital infrastructure, including fulfilment centres, transportation networks, data centres, digital payments infrastructure and technology development.</p>.<p>According to the Keystone report, Amazon has digitized over 12 million small businesses and enabled $20 billion in cumulative ecommerce exports, while supporting approximately 2.8 million direct, indirect, induced and seasonal jobs across industries in India in 2024.</p>.<p>To push export growth from India, Amazon launched a manufacturing-focused initiative, "Accelerate Exports", designed to connect digital entrepreneurs with trusted manufacturers while enabling manufacturers to become successful global sellers.</p>.<p>As part of the program, Amazon will host on-ground onboarding drives in over 10 manufacturing clusters across India, including Tirupur, Kanpur, and Surat.</p>.<p>At the Smbhav summit, Amazon announced a key partnership with the Apparel Export Promotion Council of India to expand and scale the program nationwide. </p>