This article first appeared on GuruFocus.

Amazon’s (NASDAQ:AMZN) new India pledge lands like a calculated swing at the next decade of digital growth. The company lifted its total planned outlay to $35 billion through 2030, stretching from AI-driven digitization and logistics buildouts to export initiatives for small and medium businesses. It builds on years of investment meant to defend share against Walmart-backed Flipkart and a fast-rising pack of local players. One day earlier, Microsoft (NASDAQ:MSFT) matched the momentum with a $17.5 billion commitment over four years to expand data-center capacity, train India’s workforce, and support the development of sovereign technologyits largest investment in Asia and an extension of cloud expansion that has been underway for years.

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Together, the moves show how India is becoming an essential growth corridor for US tech giants, offering more than a billion internet users, government support for digitalization, and a regulatory environment that could be easier than in parts of Europe or other Asian markets. The draw is especially strong as China remains closed off to US Big Tech. That’s why companies from Alphabet’s Google to Meta Platforms are accelerating efforts, and why OpenAI and Google are offering AI assistants for free to Indian usersusage patterns from India’s mix of languages and accents could help refine global AI systems without yet proving a clear path to profits.

The momentum was on full display in New Delhi. Microsoft Chief Executive Satya Nadella highlighted how AI tools could support roles such as health workers in rural settings, underscoring how India’s scale can shape the next wave of global AI development. Just steps away, Amazon hosted its Smbhav conference, laying out plans to expand initiatives across quick commerce and its AWS cloud arm while noting its 2030 investment roadmap could help create an additional 1 million jobs. Amazon senior vice president Amit Agarwal framed the moment as one of the most disruptive in the company’s history, suggesting the opportunity ahead could be substantial even as he declined to break down how the spending will be allocated.