Amazon announces mega investment of $35 billion in India over next 5 years, US giant eyes AI push

Amazon Inc on Wednesday announced a mega $35 billion investment in India over the next five years, sharply raising the scale of its investment in the key growth market.Amazon's announcement comes a day after Microsoft CEO Satya Nadella met Prime Minister Narendra Modi and pledged to invest $17.5 billion in India.The Amazon investment plan in India is the e-commerce giant's strongest signal yet that the country remains a key growth market for boosting spends and expand in businesses, even as US President Don ...