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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Pakistan and India, they were going at it, I ended the war: Trump
New York/Pennsylvania (PTI): US President Donald Trump said India and Pakistan “were going at it” and he ended the conflict between the two nuclear-armed neighbours, repeating the claim once again.
Trump has so far repeated the claim nearly 70 times that he stopped the conflict in May between India and Pakistan.
“In 10 months, I ended eight wars, including Kosovo (and) Serbia, Pakistan and India, they were going at it. Israel and Iran, Egypt and Ethiopia.… Armenia and Azerbaijan,” Trump said on Tuesday in remarks to his supporters at a rally on the economy in Mount Pocono, Pennsylvania.
India launched Operation Sindoor on May 7, targeting terror infrastructure in Pakistan and Pakistan-occupied Kashmir in retaliation for the April 22 Pahalgam attack that killed 26 civilians.
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India and Pakistan reached an understanding on May 10 to end the conflict after four days of intense cross-border drone and missile strikes.
India has consistently denied any third-party intervention in resolving the conflict.
Meanwhile, Trump said Cambodia and Thailand have started fighting again and “tomorrow”, he will make a phone call to those countries.
“Who else could say I'm going to make a phone call and stop a war of two very powerful countries, Thailand and Cambodia. They are going at it. But I’ll do it. So we're making peace through strength. That's what we're doing,” Trump said.
On immigration, Trump said that for the first time in 50 years, “we now have reverse migration, which means more jobs, better wages and higher income for American citizens, not for illegal aliens.”
He said that he has announced a permanent pause on “Third World migration”, including from “hellholes" like Afghanistan, Haiti, Somalia and many other countries.
“…Why can't we have some people from Norway, Sweden, just a few. Let's have a few from Denmark. Do you mind sending us a few people? Send us some nice people. Do you mind? But we always take people from Somalia, places that are a disaster, right? Filthy, dirty, disgusting, ridden with crime. The only thing they're good at is going after ships.”
Last month, Trump had said he would “permanently pause" migration from “all Third World Countries” and deport foreign nationals who are a “security risk” as his administration intensified its crackdown on immigration in the wake of the killing of a National Guard member by Afghan national Rahmanullah Lakanwal.
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US Citizenship and Immigration Services issued new guidance allowing for “negative, country-specific factors” to be considered when vetting aliens from 19 high-risk countries.
These countries are Afghanistan, Burma, Burundi, Chad, the Republic of the Congo, Cuba, Equatorial Guinea, Eritrea, Haiti, Iran, Laos, Libya, Sierra Leone, Somalia, Sudan, Togo, Turkmenistan, Venezuela and Yemen.
These are the same countries that were subject to a travel ban announced by Trump in a proclamation issued in June this year.
The proclamation ‘Restricting the Entry of Foreign Nationals to Protect the United States from Foreign Terrorists and Other National Security and Public Safety Threats' restricted and limited the entry of nationals of these countries into the US and applied to both immigrants and nonimmigrants.
