International capital betting on India? Microsoft plans to invest $17.5 billion, Amazon plans to increase investment to $35 billion.

Microsoft (MSFT.O) announced that it will invest $17.5 billion over the next four years to develop artificial intelligence and cloud computing infrastructure in India, marking its largest investment in Asia to date. Microsoft CEO Nadella stated after meeting with Indian Prime Minister Modi that this investment aims to support India in building a future "led by AI." With a population of 1.45 billion, India is becoming a key battleground in the global AI competition. Recently, several tech leaders, including Anthropic co-founder Dario Amodei, have visited the country.

Amazon (AMZN.O) today announced at the sixth Amazon "Smbhav" summit in New Delhi that it plans to invest over $35 billion in its various businesses in India by 2030. Previously, the company had invested nearly $40 billion in India. The new investment will focus on business expansion and three strategic pillars: AI-driven digital transformation, export growth, and job creation. By 2030, the company plans to create an additional 1 million direct, indirect, derived, and seasonal jobs. Amit Agarwal, Amazon's Senior Vice President for Emerging Markets, reaffirmed Amazon's commitment to investing in India and added, "Looking ahead, we are excited to continue being a catalyst for India's economic growth, democratizing AI technology for millions of Indians, creating 1 million job opportunities, and increasing our cumulative e-commerce export to $80 billion by 2030, achieving fourfold growth."