Amazon's biz plans: 35 bn, 80 bn exports, 3.8 mn jobs by 2030
In an interaction at the Smbhav Summit here, he said the company has set a target to quadruple exports from India to $80 billion from about $20 billion it has facilitated as of now and create an additional one million direct, indirect, induced and seasonal jobs by 2030.
Smbhav Summit
NEW DELHI: E-commerce giant Amazon plans to make a mega-investment of $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 Senior VP Emerging Markets, Amit Agarwal, said here on Wednesday.
In an interaction at the Smbhav Summit here, he said the company has set a target to quadruple exports from India to $80 billion from about $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 $40 billion in India since 2010. Now we will invest another @$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 $17.5 billion and close to 2.3 times that of Google's $15 billion investment plan by 2030.
Agarwal said the company has invested $40 billion in India to date, making it the largest foreign investor in India, according to a Keystone report compiled from publicly available data.