Amazon to drive India growth with AI innovation and job creation focus

Amazon.com Inc on Wednesday announced plans to invest across all its businesses in India through 2030.

The Bellevue, Washington-based e-commerce and cloud technology company said it will allot over USD35 billion investment focusing on business expansion, digital transformation, and innovation.

Amazon added the investment rests on three strategic pillars which include artificial intelligence-drive digitisation, export growth, and job creation.

Amazon expects to create one million jobs in India by 2030 through its expanding fulfillment network, spurring growth across logistics, manufacturing, packaging, and related industries.

"We are humbled to have been a part of India's digital transformation journey over the past 15 years...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 vice president of Emerging Markets at Amazon.

To date, Amazon has already invested nearly USD40 billion in its India businesses which include employees compensation and infrastructure development, making it the country's largest foreign investor according to Keystone report.