Amazon President and CEO Andy Jassy on Thursday announced that the company will invest around $48 billion in India between 2026 and 2030. The investment will focus on expanding artificial intelligence and cloud infrastructure across the country. Jassy shared the announcement after meeting Prime Minister Narendra Modi and praised the Prime Minister’s vision for India’s growth over the past decade.

Speaking about India’s development, Jassy said, "The Prime Minister's vision for the last 12 years is just remarkable. You can see it in the development of the country and how important the country is in almost every aspect around the world."

Jassy said Amazon has steadily increased its presence in India over the years. According to him, the company has invested $40 billion in the country since 2010. Last year, Amazon announced an additional investment of $35 billion. The company has now increased that commitment and plans to invest even more in the coming years.

“We just announced today that we're going to increase that amount from $35 billion to an incremental $48 billion of investment between 2026 and 2030,” said Jassy.

Prime Minister Narendra Modi welcomed Amazon’s latest investment announcement and said it reflects the confidence global companies have in India’s growth story. He noted that the additional investment would create new opportunities for young people across the country.

Sharing his views on the social media platform X, Modi said, "A great meeting with Mr Andy Jassy. I welcome Amazon's record $48 billion investment in India. This will create new opportunities for our youth. At the same time, it shows the growing interest across the world to invest in India."

Jassy also highlighted India’s growing role in the global technology sector. He said the country has become an important centre for cloud computing and artificial intelligence. Amazon plans to continue strengthening its presence in these sectors to meet rising demand.

“India is becoming such a significant cloud and AI hub around the world, and we have so much demand here that we're continuing to invest in the country on the cloud side and the AI side as well,” Jassy said.

He added that the investment would support long-term employment generation and contribute to the country’s economic growth. Amazon believes its expansion plans will create significant benefits for businesses, students, and workers across India.

In an official statement, Amazon outlined several commitments linked to its investment plans. The company said it aims to support more than 3.8 million jobs in India by 2030. It also plans to enable $80 billion in cumulative ecommerce exports during the same period. In addition, Amazon intends to expand access to artificial intelligence tools and technologies for small businesses and students.

“In line with government priorities, Amazon has pledged to support over 3.8 million jobs, enable $80 billion in cumulative ecommerce exports and bring the benefits of AI to 15 million small businesses and 4 million government school students by 2030,” reads an official statement issued by Amazon.

The announcement marks one of Amazon’s largest investment commitments in India. It also strengthens the company’s long-term focus on artificial intelligence, cloud services, employment generation, digital exports, and technological development in one of its fastest-growing markets.