New Delhi, June 26 -- Prime Minister Narendra Modi met Amazon CEO Andy Jassy in New Delhi and welcomed the company's planned investment of $48 billion in India, saying it reflects growing global confidence in the country's economy and will create new opportunities for Indian youth.

During the meeting, Jassy reaffirmed Amazon's long-term commitment to India and announced an additional investment of $13 billion by 2030 to expand AI and cloud infrastructure. This takes Amazon's total planned investment in AI and cloud infrastructure in India to over $21 billion between 2026 and 2030, with expansion of AWS data centre capacity in Mumbai and Hyderabad.

Amazon's cumulative investments in India from 2010 to 2030 will exceed $88 billion. The co...