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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Karnataka open to making Tulu second additional official language: Minister
Bengaluru (PTI): Minister Shivraj Tangadagi on Wednesday told the Legislative Assembly that the Karnataka government is in favour of declaring Tulu as the state’s second additional official language.
He said the government is studying the measures adopted by West Bengal and Andhra Pradesh, both of which have additional official languages.
The minister was responding to a question by Puttur Congress MLA Ashok Kumar Rai during Question Hour.
Tulu is predominantly spoken in the coastal districts of Udupi and Dakshina Kannada, and legislators across party lines from these regions, including Speaker U T Khader, have been demanding that the government declare it as the state’s second additional official language.
At present, Kannada is the state’s only official language, while English is also used for official purposes as an additional language.
"I am continuously following it up. We have written to West Bengal and sent a committee of officials to Andhra Pradesh, where Urdu was recently declared the second official language. The committee has gathered information and returned, but is yet to submit its report," Tangadagi said.
He added that once the report is submitted, a meeting involving the Speaker, district in-charge ministers, and legislators from Tulu-speaking districts will be convened with Chief Minister Siddaramaiah. "I want to assure you that we are in favour of this," he said.
Earlier, noting that several states have two or three additional official languages, Rai demanded that Tulu be declared an official language at the earliest, stating that it would not impose any financial burden on the government.
"Tulu has a history of 3,000 years, has its own script, and is included in Google Translate. The language is being researched in Germany and France, and universities have allowed examinations in Tulu," Rai said, adding that this was a unanimous demand of 13 legislators from Tulu-speaking Dakshina Kannada and Udupi districts, with no opposition.
Saying it had been a long-standing demand, Rai added that a Cabinet meeting was likely to be held in Mangaluru in the coming days and urged that a decision be announced there.
BJP MLA Vedavyas Kamath also demanded early action to declare Tulu an official language. He even spoke in Tulu in the House with Speaker U T Khader, who hails from a Tulu-dominant region and speaks the language fluently.
Kamath said a committee headed by educationist Mohan Alva, constituted by the previous BJP government to examine the issue, had studied the matter in detail and compiled all relevant information.
