India, June 25 -- Andy Jassy, President and CEO of Amazon, on Thursday stated that the tech company aims to invest around $48 billion and expand artificial intelligence and cloud infrastructure in the country. Giving a 2030 deadline, Jassy also highlighted Prime Minister Narendra Modi's vision for India.

"The Prime Minister's vision for the last 12 years is just remarkable. You can see it in the development of the country and how important the country is in almost every aspect around the world," said Jassy.

The Amazon CEO further stated that since 2010, the tech company has invested $40 billion into India, and an additional $35 billion investment was announced last year.

"We just announced today that we're going to increase that amount...