Amazon confirms 10 lakh jobs in India by 2030 after global layoffs: Here’s all you need to know

Job opportunities emerging from these investments will include direct, indirect, induced, and seasonal jobs, which will be derived from the expansion of Amazon’s logistics and delivery network, as well as industries such as packaging, manufacturing, and transportation.

Amazon is one of the most aggressive players in the industry with a series of brutal layoffs as far as branding goes. But the US giant is betting heavily on investments in India. With an investment of $35 billion in the country, Amazon has announced one of their most ambitious commitments to date in the Indian market, which will help generate an additional one million (10 lakh) jobs in the country by 2030. The company cut 14,000 jobs in their corporate functions in early this year in a restructuring exercise to focus on future investments in generative AI.

The massive investment plan, which was announced during the company’s Smbhav Summit event in New Delhi, demonstrates the immense faith in the future of technology in the digital and economy realms in India, a time when the tech giant is in a massive restructuring process globally, in which they laid off a staggering 14,000 employees. Major investments have recently been witnessed in India by tech giants such as Microsoft, Google, and Cognizant.

Amazon doubles in on India’s digital ecosystem

The $35 billion investment will focus on three major sectors: using AI technology in digitization, enhancing exports in India, and increasing employment opportunities. This latest investment is in addition to nearly $40 billion of investments already made by Amazon in India since entering in 2010. This investment went into developing massive storage centers, logistics, and cloud solutions.

At present, Amazon supports 2.8 million jobs in India, direct, indirect, induced, and seasonal jobs, through an economic impact report generated by Keystone Strategy, which took place during this summit.

"We see our own growth plans very much in line with what is happening in terms of national development in this country," Amit Agarwal, Senior Vice President of Emerging Markets at Amazon, pointed out, "We want to democratize access to AI for millions of Indians and quadruple our cumulative e-commerce exports to $80 billion by 2030."

Artificial intelligence, exports, and employment The expected new jobs will come from the direct, indirect, induced, and seasonal jobs emerging from the growing logistics, fulfillment, and delivery networks of Amazon and related industries such as packaging, manufacturing, and transportation. With a view to further promote exports, Amazon is stepping up their ‘Global Selling’ initiative, which so far has facilitated exports of over $20 billion in cumulative online exports from India. Additionally, they will reach 15 million small businesses with AI solutions and expose four million government school students to AI learning by 2030.