Amazon will invest more than US$35 billion across its businesses in India through 2030, adding to the nearly US$40 billion it has already committed.

The announcement was made at the sixth Amazon Smbhav Summit in New Delhi.

Amazon expects its next phase of investment to generate another one million direct, indirect, induced and seasonal jobs by 2030.

This will come from the expansion of fulfilment and delivery networks that also support packaging, manufacturing and transportation sectors.

The company said it will continue building infrastructure, advancing AI capabilities and supporting small business growth.

As part of its AI plans, Amazon aims to extend AI tools to 15 million small businesses and improve shopping experiences for hundreds of millions of customers.

It also intends to support AI education for 4 million government school students through curriculum support, career tours, hands-on programmes and teacher training aligned with the National Education Policy.

Amazon also aims to increase cumulative ecommerce exports enabled from India to US$80 billion by 2030 as it expands its technology and logistics footprint.

Amazon is India’s largest foreign investor and leading enabler of ecommerce exports, with its investments supporting over 12 million digitised small businesses, US$20 billion in exports and about 2.8 million jobs.

“We are humbled to have been a part of India’s digital transformation journey over the past 15 years, with Amazon’s growth in India perfectly aligned with the vision of an Atmanirbhar and Viksit Bharat.

We have invested at scale in growing the physical and digital infrastructure for small businesses in India, creating millions of jobs, and taking Made-in-India global.”

said Amit Agarwal, Senior VP Emerging Markets, Amazon.

Featured image: Edited by Fintech News Singapore, based on image by Freepik