Amazon to invest $48 billion in massive AI push:CEO Andy Jassy says, ‘We are just getting started in India”

Global e-commerce and technology giant Amazon on Thursday said that it would allocate $48 billion or ₹4.51 lakh crore capital in India between 2026 and 2030. Amazon Chief Executive Officer Andy Jassy made the announcement following a high-level meeting with Prime Minister Narendra Modi in New Delhi. Amazon invested ₹3.76 lakh crore in India in last 16 yrs We’ve invested USD 40 billion in India since the year 2010. And then at the end of last year, we announced that we were going to invest another USD 35 billion in India between 2026 and 2030. And we just announced today that we’re going to increase that amount from 35 billion to an incremental USD 48 billion of investment between 2026 and 2030. -Amazon Chief Executive Officer Andy Jassy Amazon to invest ₹1.97 lakh crore in AI A specific segment of this capital deployment targets advanced digital systems. The updated projection introduces a specific $13 billion or ₹1.22 lakh crore addition to accelerate cloud computing and artificial intelligence development, adjusting the total planned investment for cloud infrastructure to more than $21 billion (₹1.97 lakh crore) over the five-year period. This capital deployment will expand Amazon Web Services data center capacities in Mumbai and Hyderabad. A fair amount of our investment is in our marketplace business, but the incremental USD 13 billion we announced today is focused on cloud and AI. India is becoming such a significant cloud and AI hub around the world, and we have so much demand here that we’re continuing to invest in the country on the cloud side and the AI side as well. -Jassy Amazon to help create 38 lakh jobs in 5 yrs The company intends to scale its employment ecosystem from the 2.8 million direct and indirect jobs supported in 2024 to approximately 3.8 million jobs by the conclusion of 2030. Amazon to introduce AI education to 40 lakh govt school students The e-commerce aggregator will extend AI benefits to 15 million (1.5 crore) small businesses, and introduce AI education to 4 million or 40 lakh government school students. Prime Minister’s vision over the last 12 years is just remarkable. And you can see it in the development of the country and how important the country is in almost every aspect around the world,” Jassy said. “And when I have the good fortune to spend time with him, he has so many ideas for how to continue to make the country better on every dimension. It’s very noteworthy, it’s very remarkable, and it’s impressive. -Jassy on PM Modi The Amazon head added that the e-commerce aggregator’s total Insia investment would stand at ₹8.27 lakh crore by 2030 since arrival back in 2010.