On Wednesday, Amazon revealed its ambitious plan to inject over $35 billion into India’s burgeoning cloud and artificial intelligence sectors by 2030, amid a competitive race among major tech firms to establish a strong presence in the region. 

This announcement, made at the Amazon Smbhav Summit in New Delhi, supplements the nearly $40 billion the company has already poured into the nation.

According to a press release, Amazon’s new investment will focus on advancing AI-driven digital transformation, boosting exports, and creating employment opportunities, aligning with India’s strategic goals to enhance its local AI infrastructure.

By 2030, this initiative aims to create an additional 1 million jobs across various sectors in India, increase exports fourfold to $80 billion, and bring AI advantages to 15 million small enterprises.

India is one of the fastest‑growing regions for AI spending within Asia Pacific, Deepika Giri, IDC’s regional head of research for big data & AI, told CNBC.

“A major gap, and therefore a significant opportunity, lies in the shortage of suitable compute infrastructure for running AI models,” Giri said.

She added that countries across Asia are accelerating efforts to build sovereign AI capabilities as the technology becomes more regionalized due to trade tensions and tariffs, with infrastructure as a central pillar of those strategies.

The investment highlights Amazon’s bet on India’s booming digital economy, where it has been building fulfillment centers, as well as data centers and payments infrastructure under its Amazon Web Services subsidiary.

It also comes soon after Microsoft announced plans to invest $17.5 billion in India’s AI infrastructure as Big Tech players accelerate their push into the market. 

“We are humbled to have been a part of India’s digital transformation journey over the past 15 years,” said Amit Agarwal, senior vice president for emerging markets at Amazon. 

“Looking ahead, we’re excited to continue being a catalyst for India’s growth, as we democratize access to AI for millions of Indians.”