Amazon To Invest $26B in India by 2030 — Retail Bum

Amazon is placing a big bet on its growth prospects in India with plans to increase its total investments by $6.5 billion to $26 billion by 2030.

Amazon CEO Andy Jassy announced the investment plans following his meeting with India’s Prime Minister Narendra Modi last Friday.

While Jassy did not offer any further details on the company’s investment plans, it revealed last month that it was planning to invest $12.9 billion in its cloud computing Amazon Web Services (AWS) business in India by the end of the decade.

The company had also previously revealed plans to invest $6.5 billion in India to grow further its eCommerce business, which is facing tough competition from Mukesh Ambani’s Reliance Retail business and Walmart’s Flipkart division.

Amazon is far from the only player pouring investment dollars to grow its business in India. Google recently revealed plans to open a new fintech operations center in India’s state of Gujarat, where the company’s operations team will support Google’s Pay business and other product operations.

“We shared Google is investing $10 billion in the India digitization fund, and we are continuing to invest through that,” CEO Sundar Pichai told reporters.

The increased investment activity in India comes at a time when Modi is positioning India as the next frontier for growth and opportunity and an alternative to China, where a strict regulatory environment has made it harder for global businesses to operate.

Originally published at https://retailbum.com on June 26, 2023.