Additional investment of Rs 1.23 lakh crore, 38 lakh job opportunities; Amazon 'bumper' for Indian AI sector

KOCHI: American company Amazon is once again making a huge investment in India. On Thursday, the firm announced an additional investment of Rs 1.23 lakh crore ($1,3 billion) for AI and cloud infrastructure development. Last December, Amazon announced an investment of Rs 3.3 lakh crore ($3,5 billion). The company claimed that it will also create 3.8 lakh jobs by 2030.

Amazon CEO Andy Jassy announced this after meeting Prime Minister Narendra Modi in New Delhi. Amazon is developing AWS data centres, AI capabilities, e-commerce and logistics facilities in Mumbai and Hyderabad. Amazon is slowly becoming the largest foreign investment institution in India and the largest employer in the country.

Google, Microsoft and Meta have earlier announced huge investments to set up data centres and expand AI services in India. Google will invest Rs 1.3 lakh crore in data centres and cloud infrastructure. Microsoft announced Rs 1.65 lakh crore. Meta has not disclosed the amount.

AI education for 40 lakh children

1. Over 20 new fulfilment centres

2. Over 100 delivery stations across the country

3. AI education for 40 lakh school students

4. Samman scheme for delivery associates

Andy Jassy said that India has vast potential in areas like e-commerce, AI, cloud, and entertainment. Amazon has been able to digitise 1.2 crore small businesses in the country.