Amazon plans to invest more than $35 billion in India by 2030 to expand its operations by boosting artificial intelligence capabilities and increasing exports, the US e-commerce giant said on Wednesday, as global tech firms deepen their presence in Asia’s third-largest economy.

Axar.az informs, citing Reuters, Amazon’s investments are “strategically aligned with India’s national priorities and will focus on expanding AI capabilities, enhancing logistics infrastructure, supporting small business growth and creating jobs,” the company said in a statement.

Amazon said it plans to create 1 million additional job opportunities in India by 2030. The firm also said it has helped generate more than $20 billion in cumulative exports for sellers in India in the last ten years, and plans to increase that to $80 billion by 2030.

India, the world’s most populous nation, is a critical market for Amazon, due to its rapidly expanding internet user base.