India, Dec. 10 -- Microsoft will invest $17.5 billion (Rs 1.58 lakh crore) in India between 2026 and 2029 to develop its cloud and Artificial Intelligence (AI) capacities. The announcement was made by the company CEO in a social media post after meeting Prime Minister Narendra Modi on December 9, Tuesday.

"Thank you, PM @narendramodi ji, for an inspiring conversation on India's AI opportunity. To support the country's ambitions, Microsoft is committing $17.5B - our largest investment ever in Asia - to help build the infrastructure, skills, and sovereign capabilities needed for India's AI-first future. @PMOIndia," Satya Nadella posted on X.

In a press statement released shortly after the two leaders met, Microsoft said the announcement f...