Amazon will invest $35 billion in India over the next five years

New Delhi: American President Trump is imposing tariffs on India, on the contrary, American companies are reluctant to invest in India. After Google, Microsoft, another giant company Amazon has announced to invest 35 billion dollars or more than 3 lakh crores in India. He has said that the company will make this investment in the next five years.

Amazon announced its India plan on Wednesday, December 10, during the Amazon Sambhav Summit in New Delhi. The company said it will invest in artificial intelligence and the logistics sector. Due to this, another 10 lakh jobs will be created.

Amazon is vying to compete in India with Walmart-backed Flipkart as well as Mukesh Ambani-backed instant delivery firms like Eternal Ltd's Blinky, Swiggy Ltd's Instamart and Zepto. Amazon, which entered India in 2010, has so far invested 40 billion dollars in the country. In 2023, he announced another 26 billion dollars investment in India.

Amazon's new investment will help Indian sellers increase their exports to $80 billion from the current $20 billion. Amazon said about its investment that its investment is strategically aligned with the country's priorities. These include boosting logistics infrastructure, small business growth and job creation.

Amit Aggarwal, Head of Emerging Markets at Amazon, said, "We are excited to see India become a growth driver. Along with this, we will also be able to make access to AI accessible to millions of Indians. Amazon has already announced setting up local cloud and AI infrastructure in Telangana and Maharashtra.

Agarwal said that the company is investing heavily in physical and digital infrastructure. These include fulfillment centres, transport networks, data centres, digital payments, digital payments infrastructure and technology development. According to a Keystone report, Amazon has digitized 1.2 crore small businesses in India and supported $20 billion in ecommerce exports. This led to the creation of 28 lakh jobs directly and indirectly.

Amazon has focused on Accelerate Exports, a manufacturing focused initiative to grow India's manufacturing exports. It will connect digital entrepreneurs with trusted manufacturers. Thus helping manufacturers to become successful global sellers. As part of this program, Amazon will drive the chain to ten manufacturing centers in India including Tirupur, Kanpur and Surat.

At the Sambhava Summit, Amazon announced a key partnership with the Apparel Export Promotion Council of India to roll out its program nationwide.

Massive investment in India

Company

Amount

Amazon

35 billion dollars

Microsoft

17.5 billion dollars

Google

15 billion dollars