Amazon will be more than doubling its investment in India to $26 billion by 2030, as the e-commerce major reinforces its commitment to one of the world's biggest technology markets, its chief executive has said.
The world's largest e-commerce company will be investing an additional $15 billion over the next seven years – in addition to an initial $11 billion — to boost multiple sectors in South Asia's largest economy, Andy Jassy said on Friday during a meeting with Indian Prime Minister Narendra Modi.
Mr Modi was on a visit to Washington, where he met with top government and industry leaders to pitch India's manufacturing and economic potential.
The "productive meeting" discussed "Amazon’s commitment to invest $26 billion in India by 2030; working together we will support start-ups, create jobs, enable exports and empower individuals and small businesses to compete globally", Mr Jassy said on Twitter.
Seattle-based Amazon has not released an official statement on the matter.
India is a hotbed for technology, with entrepreneurs taking advantage of a population of more than 1.4 billion who rely on smart digital services every day.
Many technology companies have set up shop there to take advantage of the opportunities India offers.
India’s manufacturing exports in fiscal year 2022 hit an unprecedented $418 billion, a growth of more than 40 per cent compared to the $90 billion recorded in the previous year, data from the India Brand Equity Foundation shows.
By 2030, New Delhi expects the electronics manufacturing sector alone to be worth $300 billion, according to the IBEF.
In April, Apple opened its first retail stores in the country, targeting a retail market with enormous growth potential and a promising manufacturing base.
That is a follow-up to the start of Apple manufacturing its iPhone 14 in Chennai, shifting some of its production from China and a boost to the Modi government's Make in India campaign.
US retailer Walmart, Amazon's chief rival in India, earlier this year announced that it will spend $2.5 billion in India to tap into the nation's booming retail and e-commerce sectors.
Earlier this month, Sam Altman, the chief executive of ChatGPT creator OpenAI, said that he was confident that artificial intelligence will play a crucial role in India's technology and economic sectors, he said during a meeting with Mr Modi.
Separately on Friday, Google chief executive Sundar Pichai said that the company will establish a global FinTech centre in Gujarat International Finance Tec-City.
Start-ups are also a key driver of the country's tech engine, with 272,732 businesses recognised by the government's Startup India programme.
Amazon Web Services, the company's cloud computing unit, said in May that it will invest $12.7 billion into cloud infrastructure in India by 2030 to meet growing customer demand for cloud services.
The investment, estimated by the company to contribute $23.3 billion to India’s economy by 2030, is a follow-up to AWS’s previous investment of $3.7 billion between 2016-2022 and will bring the US company’s total investment in India to $16.4 billion by 2030.
In September, Amazon also expanded its renewable energy investments with 71 new renewable energy projects around the world, including its first solar farm in India.
Mr Modi’s visit to Washington proved fruitful as it attracted a number of investment commitments. Among these is a pledge from US chip manufacturer Micron, which said it will invest up to $825 million to build its first assembly line in the country.
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
The specs
BMW M8 Competition Coupe
Engine 4.4-litre twin-turbo V8
Power 625hp at 6,000rpm
Torque 750Nm from 1,800-5,800rpm
Gearbox Eight-speed paddleshift auto
Acceleration 0-100kph in 3.2 sec
Top speed 305kph
Fuel economy, combined 10.6L / 100km
Price from Dh700,000 (estimate)
On sale Jan/Feb 2020
MATCH INFO
Arsenal 1 (Aubameyang 12’) Liverpool 1 (Minamino 73’)
Arsenal win 5-4 on penalties
Man of the Match: Ainsley Maitland-Niles (Arsenal)
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
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- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
The five pillars of Islam
UAE WARRIORS RESULTS
Featherweight
Azouz Anwar (EGY) beat Marcelo Pontes (BRA)
TKO round 2
Catchweight 90kg
Moustafa Rashid Nada (KSA) beat Imad Al Howayeck (LEB)
Split points decision
Welterweight
Gimbat Ismailov (RUS) beat Mohammed Al Khatib (JOR)
TKO round 1
Flyweight (women)
Lucie Bertaud (FRA) beat Kelig Pinson (BEL)
Unanimous points decision
Lightweight
Alexandru Chitoran (ROU) beat Regelo Enumerables Jr (PHI)
TKO round 1
Catchweight 100kg
Marc Vleiger (NED) beat Mohamed Ali (EGY)
Rear neck choke round 1
Featherweight
James Bishop (NZ) beat Mark Valerio (PHI)
TKO round 2
Welterweight
Abdelghani Saber (EGY) beat Gerson Carvalho (BRA)
TKO round 1
Middleweight
Bakhtiyar Abbasov (AZE) beat Igor Litoshik (BLR)
Unanimous points decision
Bantamweight
Fabio Mello (BRA) beat Mark Alcoba (PHI)
Unanimous points decision
Welterweight
Ahmed Labban (LEB) v Magomedsultan Magomedsultanov (RUS)
TKO round 1
Bantamweight
Trent Girdham (AUS) beat Jayson Margallo (PHI)
TKO round 3
Lightweight
Usman Nurmagomedov (RUS) beat Roman Golovinov (UKR)
TKO round 1
Middleweight
Tarek Suleiman (SYR) beat Steve Kennedy (AUS)
Submission round 2
Lightweight
Dan Moret (USA) v Anton Kuivanen (FIN)
TKO round 2
UAE currency: the story behind the money in your pockets
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
Lampedusa: Gateway to Europe
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Masters%20of%20the%20Air
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Dark Souls: Remastered
Developer: From Software (remaster by QLOC)
Publisher: Namco Bandai
Price: Dh199
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
Gothia Cup 2025
4,872 matches
1,942 teams
116 pitches
76 nations
26 UAE teams
15 Lebanese teams
2 Kuwaiti teams
F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5
Killing of Qassem Suleimani
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Bawaal%20
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COMPANY PROFILE
Name: Rain Management
Year started: 2017
Based: Bahrain
Employees: 100-120
Amount raised: $2.5m from BitMex Ventures and Blockwater. Another $6m raised from MEVP, Coinbase, Vision Ventures, CMT, Jimco and DIFC Fintech Fund
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The bio
Job: Coder, website designer and chief executive, Trinet solutions
School: Year 8 pupil at Elite English School in Abu Hail, Deira
Role Models: Mark Zuckerberg and Elon Musk
Dream City: San Francisco
Hometown: Dubai
City of birth: Thiruvilla, Kerala
Difference between fractional ownership and timeshare
Although similar in its appearance, the concept of a fractional title deed is unlike that of a timeshare, which usually involves multiple investors buying “time” in a property whereby the owner has the right to occupation for a specified period of time in any year, as opposed to the actual real estate, said John Peacock, Head of Indirect Tax and Conveyancing, BSA Ahmad Bin Hezeem & Associates, a law firm.
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Director: Michael Bay
Stars: Ryan Reynolds, Adria Arjona, Dave Franco
2.5 / 5 stars
THE SPECS
Engine: 3.9-litre twin-turbo V8
Transmission: seven-speed dual clutch
Power: 710bhp
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Speed: 0-100km/h 2.9 seconds
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In 2013, The National's History Project went beyond the walls to see what life was like living in Abu Dhabi's fabled fort:
ELIO
Starring: Yonas Kibreab, Zoe Saldana, Brad Garrett
Directors: Madeline Sharafian, Domee Shi, Adrian Molina
Rating: 4/5
RESULTS
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