New Delhi: Amazon CEO Andy Jassy met Indian Prime Minister Narendra Modi on Thursday and outlined the e-commerce company's plans to invest an additional $13 billion in the country to expand AI and cloud infrastructure by 2030.
Jassy underlined the company's long-term commitment to India. The fresh investment line-up will take Amazon's total capital infusion in the country to $48 billion between 2026 and 2030.
This takes Amazon's total planned investment in expanding and supporting AI and cloud infrastructure to over $21 billion between 2026 and 2030, establishing it as one of the largest global AI and cloud infrastructure investors in the country.
"The investment will expand AWS (Amazon Web Services) data centre capacity in Mumbai and Hyderabad, giving startups, enterprises and government organisations access to custom AI chips, managed AI services, secure and reliable cloud technologies and developer tools to innovate faster, scale rapidly, and serve customers globally," Amazon said in a statement.
With this, Amazon's cumulative investments in India from 2010 to 2030 stand at over $88 billion.