Picture of Amazon.com logo

AMZN Amazon.com News Story

0.000.00%
us flag iconLast trade - 00:00
Consumer CyclicalsBalancedLarge CapHigh Flyer

Amazon to invest additional $13 billion in India cloud, AI (updated)

UPDATE 1-Amazon to invest additional $13 billion in India cloud, AI 

Adds details throughout, background in paragraphs 6-7

- Amazon AMZN.O said on Thursday it will invest an additional $13 billion by 2030 in India to expand its AI and cloud infrastructure.

The new investment is in addition to its planned $35 billion funding announced last year, taking the e-commerce firm's investment in the country to $48 billion through 2030.

The announcement follows a meeting between Amazon CEO Andy Jassy and Indian Prime Minister Narendra Modi on Thursday in New Delhi.

"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, the company said in a statement.

Major U.S. tech firms have invested billions of dollars in India, underscoring the country's emergence as a strategic hub for cloud, AI and deep‑tech growth.

Microsoft MSFT.O has pledged a $17.5  billion investment in India for AI and cloud infrastructure, while Google GOOGL.O has committed $15  billion over the next five years to build AI data centers.


(Reporting by Abinaya V and Akanksha Khushi in Bengaluru; Editing by Saumyadeb Chakrabarty)

((Akanksha.Khushi@thomsonreuters.com))

Recent news on Amazon.com

See all news