Amazon to make mega-investment of USD 35 billion in India by 2030 across its business
New Delhi (PTI): E-commerce giant Amazon plans to make a mega-investment of USD 35 billion, over Rs 3.14 lakh crore, in India by 2030 across its businesses with a focus on AI-driven digitization, export growth and job creation, a senior company official said on Wednesday.
Making the announcement during the Amazon Smbhav Summit, Senior VP Emerging Markets, Amit Agarwal, said the company has set a target to quadruple exports from India to USD 80 billion from about USD 20 billion it has facilitated as of now and create an additional one million direct, indirect, induced and seasonal jobs by 2030.
"Amazon to date has invested USD 40 billion in India since 2010. Now we will invest another USD 35 billion by 2030 across all our businesses in India," Agarwal said.
Amazon's investment plan is 2 times of Microsoft's investment plan of USD 17.5 billion and close to 2.3 times that of Google's USD 15 billion investment plan by 2030.
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Agarwal said the company has invested USD 40 billion in India to date and is the largest foreign investor in India, according to a Keystone report compiled from publicly available data.
In May 2023, Amazon announced plans to invest USD 12.7 billion in India by 2030 into its local cloud and AI infrastructure across Telangana and Maharashtra. The company has already invested USD 3.7 billion in India between 2016 and 2022.
Agarwal said that the company has invested at scale towards building physical and digital infrastructure, including fulfilment centres, transportation networks, data centres, digital payments infrastructure and technology development.
According to the Keystone report, Amazon has digitized over 12 million small businesses and enabled USD 20 billion in cumulative ecommerce exports, while supporting approximately 2.8 million direct, indirect, induced and seasonal jobs across industries in India in 2024.
To push export growth from India, Amazon launched a manufacturing-focused initiative, "Accelerate Exports", designed to connect digital entrepreneurs with trusted manufacturers while enabling manufacturers to become successful global sellers.
As part of the program, Amazon will host on-ground onboarding drives in over 10 manufacturing clusters across India, including Tirupur, Kanpur, and Surat.
At the Smbhav summit, Amazon announced a key partnership with the Apparel Export Promotion Council of India to expand and scale the program nationwide.
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Governor urges enhanced budgetary support for higher education in state budget
Bengaluru (PTI): Karnataka Governor Thaawarchand Gehlot on Saturday urged the state government to provide stronger budgetary backing to the Higher Education department in the forthcoming state budget.
Presiding over the Karnataka State Public Universities Vice Chancellors’ Conference–2026, organised by Lok Bhavan in collaboration with the Higher Education department and the Karnataka Higher Education Council, the Governor stressed that public universities require structured and sustained financial support, a press release issued by Lok Bhavan said.
“Universities, having limited internal revenue sources, require special financial care and structured budgetary support,” the release quoted Gehlot as saying, while appealing to Chief Minister Siddaramaiah to ensure the March 6 State Budget is more beneficial to higher education.
The Governor expressed satisfaction over the Chief Minister’s participation in the conference and voiced confidence that the upcoming budget would prioritise higher education.
He specifically called for filling long-pending vacancies in institutions such as Karnataka State Dr Gangubai Hangal Music and Performing Arts University, Sampurnanand Sanskrit University, Kannada University, Karnataka Janapada University, and Dr B R Ambedkar School of Economics University, along with adequate financial provisions for their development.
Emphasising the need to strengthen government universities, Gehlot said deliberations at the conference reflected Karnataka’s readiness to steer higher education in a new direction.
He also called for increasing admissions in government institutions and examining why students prefer private universities despite higher fees.
The Governor stressed strict adherence to academic calendars to ensure timely admissions, examinations and declaration of results.
Improved coordination between Vice Chancellors and Registrars, upskilling of academic staff, curriculum updates aligned with present-day needs and the introduction of job-oriented courses were identified as priorities.
Highlighting campus development, he stressed the need to improve quality, cleanliness and greenery, and urged active implementation of initiatives such as “One Tree for Mother.”
He also encouraged universities to promote sports participation to enable students to represent institutions at district, state, national and international levels.
On governance and transparency, Gehlot pressed for strict compliance with central and UGC guidelines within stipulated timelines.
The release said he emphasised that institutional credibility depends on resolving internal disputes democratically and maintaining transparency in financial matters.
He added that the Chancellor must foster harmony among stakeholders to avoid unnecessary inquiries and administrative disruptions.
The Governor suggested that universities expand international collaborations for academic and student exchange, enhance national rankings and address faculty shortages and infrastructure gaps.
Leveraging central schemes and Corporate Social Responsibility (CSR) funds was suggested as a way to bridge financial constraints with State support.
According to him, universities should preference to Indian traditional dress as uniform attire during annual convocation ceremonies to promote cultural heritage.
The conference commenced with the rendition of Vande Mataram, Jana Gana Mana and Naada Geethe. Higher Education Minister M C Sudhakar welcomed participants and outlined the objectives of the conference.
Chief Minister Siddaramaiah and his deputy D K Shivakumar were among those present on the occasion.
