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With an eye on expanding its India business, global tech giant Amazon has committed an additional investment of $35 Bn (INR 3,14,953 Cr) across all its businesses in India till 2030. This will add on to the company’s existing $40 Bn investment in the country till date.
With the investment, Amazon aims to boost its cumulative exports from the country to $80 Bn by 2030, deliver AI benefits to 1.5 Cr small businesses as well as strengthening its infrastructure in the country. Besides, the company also aims to support 38 Lakh direct, indirect, induced and seasonal jobs in India by 2030.
“These investments are strategically aligned with India’s national priorities and will focus on expanding AI capabilities, enhancing logistics infrastructure, supporting small business growth and creating jobs,” the company said in a statement.
Important to highlight that the company has been doubling down on exports from India over the past few years. Earlier in October, it announced that the cumulative exports from India between 2015 and 2025 surpassed the $20 Bn mark, almost double its initially set target of $10 Bn.
In line with this, Amazon was also said to be lobbying the government to ease foreign direct investment (FDI) rules for an exemption from existing FDI restrictions. This would enable it to buy goods directly from Indian sellers for sale to international customers.
The company made the announcement at the sixth edition of the Amazon Smbhav Summit in Delhi NCR.
Notably, Amazon has been pouring capital across various segments of its business since January. For instance, the ecommerce giant infused INR 350 Cr into its digital payments arm Amazon Pay India in April.
Besides, the company also announced an investment of about INR 2,000 Cr in June to ramp up its logistics and operations network.
The ecommerce giant has been doubling down on expanding its fulfillment centres to stay ahead in the quick commerce competition, where its competitors have been increasing their dark store count and fulfillment centre strength.
After piloting its quick commerce offering, Amazon Now in Bengaluru earlier this year, the company has expanded its services to other metropolitan cities, including Mumbai and Delhi NCR.
With the growing traction, Amazon is now reportedly looking to expand its quick delivery services for groceries beyond India to countries like the UAE, Egypt, Mexico. Additionally, it has launched pilot projects in the US, the ET reported.
Amazon India’s business is divided into five separate entities — marketplace unit Amazon Seller Services, logistics subsidiary Amazon Transport Services, B2B wholesale marketplace Amazon Wholesale India Services, retail trade arm Amazon Retail India, and fintech arm Amazon Pay.
On the financial front, Amazon’s India unit managed to reduce its losses across business units in FY25. While Amazon Seller Services, the marketplace arm, cut its net loss by 89% YoY to INR 374.3 Cr, Amazon Transportation Services’ net loss reduced 57% YoY to INR 33.9 Cr in FY25.
Amazon Wholesale, the B2B arm of Amazon India, managed to reduce its net loss by 35% YoY to INR 220.7 Cr, while Amazon Retail’s loss declined 32% YoY to INR 394.2 Cr.
The post Amazon To Invest $35 Bn In India To Boost Exports appeared first on Inc42 Media.
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