Amazon CEO meets PM Modi, announces investment of $48 billion in India from 2026-2030
New Delhi, June 25 -- Amazon CEO Andy Jassy met Prime Minister Narendra Modi on Thursday in New Delhi and reiterated Amazon's long-term commitment to India. He announced plans to invest an additional $13 billion to expand AI and cloud infrastructure in the country by 2030.
This new investment is in addition to the $35 billion in funding it announced last year, bringing the e-commerce firm's investment in the country to $48 billion through 2030.
"Shared that we're investing $48 billion over the coming five years, including $21 billion in AI and cloud infrastructure," Jassy said in a post on social media platform X.
The $13 billion investment will support AI and cloud infrastructure across the Mumbai and Hyderabad regions, "giving startu...
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