Amazon increases investment in India.

VTV.vn - Amazon has just announced it will invest more than $35 billion in India by 2030, bringing the total investment of the corporation in the billion-person market to nearly $61 billion.

Amazon plans to invest $35 billion in India by 2030.

The new funding will be used to expand logistics infrastructure, build more data centers, develop AWS cloud services, and especially to boost the application of artificial intelligence (AI). According to Amazon's CEO, India is one of Amazon's fastest-growing markets, with both online retail sales and cloud services experiencing triple-digit growth in recent years. This move also helps Amazon compete directly with rivals in the online retail industry and strengthen its position in the global AI race, as India is currently the company's second-largest source of technology talent.

The announcement came a day after Microsoft said it would invest $17.5 billion to support India's AI infrastructure. CEO Satya Nadella called it "the company's largest investment ever in Asia."

Amazon says it has invested in both physical and digital infrastructure, including transportation networks, data centers, digital payment infrastructure, and technology development. In an announcement made in New Delhi, Amazon claims the investment will create one million jobs, boost total exports to $80 billion, and benefit 15 million small businesses with AI.

Amazon emphasized that it will build on its existing investments, which have helped digitize 12 million small businesses and achieve $20 billion in exports. Amazon's senior leader, Amit Agarwal, expressed enthusiasm, stating that the company will continue to act as a catalyst for India's growth.

Source: https://vtv.vn/amazon-tang-cuong-dau-tu-vao-an-do-100251211071014775.htm