Amazon CEO Andy Jassy met Prime Minister Narendra Modi on Thursday, detailing his firms big investment plans in India during the 2026-2030 period. Amazon is the latest multinational firm to expand its plans for the country, which is already seeing a flow of many fresh investment commitments from global companies.
Prime Minister Narendra Modi meets CEO of Amazon Andy Jassy, on Thursday. (x/@ajassy)
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The e-commerce giant on June 25 announced that it would raise its India investment commitment to $48 billion by 2030. The announcement came after Amazon CEO Andy Jassy met PM Narendra Modi and follows a series of major investment commitments by global firms across sectors such as artificial intelligence, cloud infrastructure, manufacturing and data centres.
Among the biggest announcements this year was Google's five-year $15 billion investment plan for artificial intelligence infrastructure in India. Unveiled in February, the plan includes investments in subsea connectivity, data centres, cloud capacity and AI skilling initiatives.
India's rapidly expanding data centre sector has also attracted significant global capital. On June 5, Australian data centre operator AirTrunk announced plans to invest $30 billion in the country to build 5 gigawatts of data centre capacity by 2030.
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India's rapidly expanding data centre sector has also attracted significant global capital. On June 5, Australian data centre operator AirTrunk announced plans to invest $30 billion in the country to build 5 gigawatts of data centre capacity by 2030.
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On June 17, Canada Pension Plan Investment Board (CPP Investments) committed up to ₹7,000 crore alongside CtrlS Datacenters to expand hyperscale data centre capacity and digital infrastructure in India.
Manufacturing, industrial investments
Global manufacturing and industrial companies have also stepped up investments in India.
Swiss engineering and technology company ABB announced a $75 million investment on March 9 to expand its manufacturing and research and development capabilities across key industrial segments.
French building materials major Saint-Gobain followed with a fresh investment commitment of €1 billion over the next five years. The investment, announced on June 18, will be used to expand the company's operations in India, which it described as one of its fastest-growing markets.
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The investment announcements come at a time when businesses worldwide are navigating trade-related uncertainties and geopolitical tensions, including the ongoing crisis in West Asia.
Shishir Gupta is Executive Editor at Hindustan Times and one of India's top journalists covering national security, strategic affairs, foreign policy and geopolitics. Over the past three decades, he has extensively reported on India's military, diplomatic and security landscape, covering every major conflict and national security challenge, from the 1999 Kargil War and the 2020 East Ladakh standoff to Operation Sindoor in 2025. He has also covered major terror attacks, including the IC-814 hijacking, the 26/11 Mumbai attacks and the 2025 Pahalgam terror strike, along with numerous Pakistan-backed terrorist incidents in the Kashmir Valley and across India. He has reported on national and state elections for more than three decades. A recognised authority on strategic affairs, Gupta has covered India's nuclear programme since the Pokhran-II (Shakti series) tests in May 1998 and has written extensively on global nuclear issues, Indian diplomacy and the country's expanding global outreach. He has also reported widely on international conflicts and terrorism, with a special focus on the Indian subcontinent. Gupta has interviewed Prime Minister Narendra Modi more than four times, including Modi's first interview with the print media after becoming Prime Minister in May 2014. His other interviews include three with the Dalai Lama, as well as conversations with Benjamin Netanyahu, Amit Shah, Yogi Adityanath, S. Jaishankar, Nirmala Sitharaman and Piyush Goyal. He is the author of Indian Mujahideen: The Enemy Within (Hachette, 2011) and Himalayan Face-off: Chinese Assertion and Indian Riposte (Hachette, 2014). He was awarded the Chevening-Wolfson Joint Scholarship at Wolfson College, University of Cambridge, UK, in 1998 and participated in the International Visitor Leadership Program (IVLP) of the US State Department in 2006. He received the Ben Gurion Prize from Israel in 2011 and the K. Subrahmanyam Prize for Strategic Studies in 2015 from the Manohar Parrikar Institute for Defence Studies and Analyses (MP-IDSA). Since 2024, he has hosted Point Blank, Hindustan Times' weekly YouTube show on global geopolitics.
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Home/India News/Global CEOs are lining up to write cheques for India, Amazon its latest example
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