India’s AI and semiconductor drive attract US and global tech investments

India’s ambassador to the United States, Vinay Mohan Kwatra, said artificial intelligence, semiconductors and biotechnology will be core to the next phase of India‑US cooperation, highlighting India’s rapid economic growth toward a $7 trillion economy by 2030 and its role as a manufacturing and technology hub.

At the same time, global tech giants are deepening their presence in India. Amazon announced an additional $13 billion for AI and cloud infrastructure, bringing its total planned spend in the country to $48 billion through 2030. Meta pledged $900 million to fintech startup CRED and appointed its founder as global head of WhatsApp. The Indian government plans a $7.5 billion semiconductor incentive package for fiscal 2027, while Jio Platforms is building a low‑Earth‑orbit satellite constellation to boost domestic communications.