By Kimberley Kao
Amazon.com is gearing up to invest more than $35 billion across its businesses in India, adding to the influx of money being poured into the country by Big Tech.
Amazon's latest spending plan will focus on business expansion, artificial-intelligence capabilities, export growth and job creation, the U.S. tech giant said Wednesday.
"These investments are strategically aligned with India's national priorities and will focus on expanding AI capabilities, enhancing logistics infrastructure, supporting small business growth and creating jobs," it said in a statement.
Amazon, which has invested $40 billion in India so far, said it has helped enable $20 billion in cumulative e-commerce exports for sellers in India, and plans to quadruple that to $80 billion by 2030. It also aims to create 1 million job opportunities during that timeframe.
The news comes after Microsoft earlier announced a $17.5 billion investment in India's cloud and AI infrastructure over the next four years, coming on top of $3 billion in spending unveiled earlier this year.
Google too has outlined a roughly $15 billion investment strategy in India over the next five years, and formed a tie-up with venture capital firm Accel--an early investor in Facebook, Slack and Dropbox--to funnel millions into promising AI startups in the South Asian country.
Write to Kimberley Kao at kimberley.kao@wsj.com
(END) Dow Jones Newswires
12-10-25 0046ET
