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.

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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.

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.

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.

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.