Amazon will 'invest $35bn in India by 2030'

E-COMMERCE giant Amazon said yesterday it would nearly double its investment in India, seeking to expand exports, create jobs and invest in artificial intelligence in the world's most populous nation.

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THE e-commerce company Amazon logo on a smartphone with the backdrop of India's national flag displayed on a screen.

(AFP)

Several global corporations, including technology giant Microsoft, have announced large investments this year in the South Asian nation, the world's fifth-largest economy, and which is projected to have more than 900 million internet users by year's end.

"Amazon has announced plans to invest more than $35 billion across all its businesses in India through 2030, building on nearly $40 billion invested in the country so far," the US online giant said in a statement.

"This investment will focus on business expansion as well as three strategic pillars: AI-driven digitisation, export growth, and job creation."