Business
Amazon To Invest $35 Billion In India By 2030 With Focus On AI-Driven Digitalisation
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“Amazon to date has invested USD 40 billion in India since 2010. Now we will invest another USD 35 billion by 2030 across all our businesses in India,” Agarwal said.
Amazon To Invest USD 35 Bn In India By 2030 With Focus On AI-Driven Digitalisation
E-commerce giant Amazon is set to invest a mega-investment of USD 35 billion, over Rs 3.14 lakh crore, in India by 2030 across its businesses with a focus on AI-driven digitisation, export growth and job creation, a senior company official said on Wednesday.
Senior VP Emerging Markets, Amit Agarwal, made the announcement during the Amazon Smbhav Summit, saying the company has set a target to quadruple exports from India to USD 80 billion from about USD 20 billion.
“Amazon to date has invested USD 40 billion in India since 2010. Now we will invest another USD 35 billion by 2030 across all our businesses in India,” Agarwal said.
Amazon’s investment plan is two times of Microsoft’s investment plan of USD 17.5 billion and close to 2.3 times that of Google’s USD 15 billion investment plan by 2030.
With this investment, Amazon will become the largest foreign investor in India, according to a Keystone report compiled from publicly available data.
In May 2023, Amazon announced plans to invest USD 12.7 billion in India by 2030 into its local cloud and AI infrastructure across Telangana and Maharashtra. The company has already invested USD 3.7 billion in India between 2016 and 2022.
The company has invested at scale towards building physical and digital infrastructure, including fulfilment centres, transportation networks, data centres, digital payments infrastructure and technology development.
According to the Keystone report, Amazon has digitized over 12 million small businesses and enabled USD 20 billion in cumulative ecommerce exports, while supporting approximately 2.8 million direct, indirect, induced and seasonal jobs across industries in India in 2024.
(With inputs from agencies)
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Sugarcane price hike: Govt raises FRP to Rs 365/quintal for 2026-27, farmers to benefit from higher returns – The Times of India
The government has increased the fair and remunerative price (FRP) of sugarcane by Rs 10 to Rs 365 per quintal for the 2026-27 season beginning October, PTI reported.The decision was approved by the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi.“The FRP will be Rs 365/quintal for a basic recovery rate of 10.25 per cent,” Union Minister Ashwini Vaishnaw said after the meeting.The revised FRP is 2.81 per cent higher than the current rate of Rs 355 per quintal for the 2025-26 season.For every 0.1 per cent increase in sugar recovery above 10.25 per cent, the FRP will rise by Rs 3.56 per quintal, providing an incentive to mills for higher efficiency.To safeguard farmers supplying to mills with lower recovery rates, the government has decided that there will be no deduction in FRP for recovery below 9.5 per cent. In such cases, farmers will receive Rs 338.3 per quintal in the 2026-27 season.The production cost of sugarcane for 2026-27 has been estimated at Rs 182 per quintal, making the FRP 100.5 per cent higher than the cost.“Farmers are expected to get more than Rs 1 lakh crore,” Vaishnaw said.The move is expected to benefit nearly one crore sugarcane farmers, along with farm labourers and workers engaged in sugar mills.The FRP has been fixed based on recommendations of the Commission for Agricultural Costs and Prices (CACP) and consultations with state governments and stakeholders.The sugar sector supports the livelihoods of around five crore farmers and their families, and about five lakh workers directly employed in sugar mills, besides those involved in related activities such as transportation.Sugar mills are required to purchase sugarcane from farmers at the FRP or higher.Vaishnaw said the FRP has been increased every year over the past decade, and the latest revision will also support ethanol production from surplus sugarcane.On cane dues, he said that in the 2024-25 season, about Rs 1,02,209 crore, or nearly 99.5 per cent, of the total payable dues of Rs 1,02,687 crore had been cleared as of April 20, 2026.For the ongoing 2025-26 season, Rs 99,961 crore, or 88.6 per cent, has been paid out of total dues of Rs 1,12,740 crore.
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