Major US technology companies have poured billions of dollars into India this year, highlighting the country's emergence as a strategic hub for growth in cloud, AI and deep technology.
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Amazon's investment is “strategically aligned with India's national priorities, with a focus on expanding AI capabilities, strengthening logistics infrastructure, supporting small business growth, and job creation,” the company said in a statement.
The e-commerce giant, which has invested $40 billion in India since 2010, announced a $26 billion investment in 2023.
Amazon said it plans to create an additional 1 million job opportunities in India by 2030. The company also said it has contributed more than $20 billion in cumulative exports to Indian distributors over the past decade and plans to increase that to $80 billion by 2030.
India, the world's most populous country, is an important market for Amazon because of its rapidly expanding internet user base.
Reporting by Kashish Tandon in Bengaluru. Editing: Mrigank Daniwala
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