Amazon Announcement: A leap forward for the Indian tech and digital economy totally, Amazon has decided to put in a whopping of $35 billion for its India operations by 2030 making it one of the largest investments so far. In addition to that, the company has invested $40 billion into the Indian market already through various means and the like.
The e-commerce and cloud kingpin expressed that the money would be used for its movement into three major sectors particularly, the AI-powered digitization, exports, and employment creation.
The Big Announcement from Microsoft Comes a Day Later
The announcement made by Amazon is only a day after the CEO of Microsoft, Satya Nadella, increased the stakes by $17.5 billion for AI and cloud infrastructure in India. The two announcements coupled together signify one of the largest global tech investment waves into the country. Amazon’s dream for India in 2030 is a clear indication that the company is investing heavily in the digital future of the country.
Amazon claims that by the year 2030 it will be responsible for 1 million direct employments in India which will help to a large extent the tech, logistics, and retail sectors. The company also targets a total of $80 billion in exports from India which will help international commerce through Indian sellers. Amazon wishes to offer the advantages of AI to 15 million small businesses and hundreds of millions of customers that makes the digital tools to be more user-friendly and accessible. Besides this, the company will provide AI training and career programs for 4 million students in government schools, thus enabling them to get the skills needed for future tech jobs. To sum up, this investment indicates that India is slowly becoming a global hub for digital innovation, AI research, and massive tech infrastructure.
