Amazon adds new funding, lifting India AI and cloud investment to $48 billion

Andy Jassy, CEO of Amazon, speaking with CNBC at the World Economic Forum in Davos, Switzerland on Jan. 20, 2026. CNBC Amazon plans to invest an additional $13 billion to expand artificial intelligence and cloud infrastructure in India, taking its total investment in the country to $48 billion between 2026 and 2030. These funds will be used to expand AWS data center capacity in Mumbai and Hyderabad, the company said in a statement on Thursday. In December last year, Amazon had pledged to invest $35 billion , as hyperscalers raced to get a foothold in the Indian market. Amazon CEO Andy Jassy said the company is committed to being "a long-term partner in India's growth story" and wants to align with the country's "priorities of democratizing access to AI, digitizing small businesses, creating jobs, and enabling exports." Jassy met Indian Prime Minister Narendra Modi on Thursday and highlighted the importance to Amazon of India, where the company operates several businesses spanning e-commerce, AI, cloud, and entertainment. The company said its total investment in India between 2010 and 2030 stands at $88 billion. Through its data centers, Amazon hopes to provide Indian startups, enterprises, and government organizations with access to custom AI chips, managed AI services, and secure and reliable cloud technologies. Last December, India secured investment to the tune of $50 billion within 24 hours from U.S. big tech companies such as Amazon and Microsoft . …