Amazon has announced its plans to invest more than $35 billion in India by 2030.
The company plans to expand its operations by boosting artificial intelligence capabilities and increasing exports, it said on Wednesday.
More global tech firms have been expanding their presence in India.
Amazon is not the first US tech firm to pour billions into the country this year.
India’s emergence as a hub for cloud AI and deep tech growth has also attracted investments from Microsoft and Google.
Just on Tuesday, Microsoft had pledged an investment of $17.5 billion in India for AI and cloud infrastructure by 2030. It marked the company’s largest investment in Asia.
Whereas Google committed $15 billion over the next five years to build AI data centres.
In a statement, Amazon said that its investments are "strategically aligned with India's national priorities and will focus on expanding AI capabilities, enhancing logistics infrastructure, supporting small business growth, and creating jobs."
The country is competing with Flipkart, which is a Walmart-backed company, and Mukesh Ambani’s Reliance Industries.
Amazon had already invested $40 billion in India since 3010 and announced another $26 billion in 2023.
The latest pledge will see the creation of about 1 million job opportunities in India by 2030.
The firm also said it has helped generate more than $20 billion in cumulative exports for sellers in India in the last ten years, and plans to increase that to $80 billion by 2030.
Amit Agarwal, Senior VP for Emerging Markets at Amazon, said that its growth strategy is aligned with the Atmanirbhar and Vikit Bharat.