Amazon To Invest $15 Billion More In India: CEO Andy Jassy
Amazon CEO Andy Jassy said that the e-commerce giant intends to expand its investment in India by an additional $15 billion, taking its total investment to $26 billion in the country.
E-commerce giant Amazon plans to further invest $15 billion in India, bringing its total investment in the country to $26 billion, said CEO Andy Jassy. He shared this news after meeting Prime Minister Narendra Modi during his visit to the United States, reported PTI. Jassy also mentioned that Amazon has already invested $11 billion in India up until now.
"I had a very good and productive conversation with Prime Minister Modi. I think we share a number of goals. Amazon is one of the biggest investors in India. We have invested USD 11 billion till date and intend to invest another USD 15 billion, which will bring the total to USD 26 billion. So we are very much looking forward to future of partnering," Jassy said on Friday, as per PTI. He also shared the information on Twitter.
Productive meeting with Prime Minister @NarendraModi. Discussed Amazon’s commitment to invest $26B in India by 2030; working together we will support startups, create jobs, enable exports, and empower individuals and small businesses to compete globally. pic.twitter.com/yEgy0TVqpK
— Andy Jassy (@ajassy) June 23, 2023
This announcement comes days after Amazon's cloud computing unit Amazon Web Services (AWS) said that it will invest $12.9 billion in the country by the end of 2030.
The External Affairs Ministry in a Tweet said that Prime Minister Narendra Modi had a productive meeting with the President and CEO of Amazon, where he expressed his appreciation for Amazon's efforts in promoting the digitisation of MSMEs in India.
"PM @narendramodi met CEO of @amazon @ajassy in Washington DC. Their discussions focused on topics such as e-commerce, digitisation efforts and the logistics sector," Prime Minister's office tweeted.
PM @narendramodi met CEO of @amazon @ajassy in Washington DC. Their discussions focused on topics such as e-commerce, digitisation efforts and the logistics sector. pic.twitter.com/1JFo0oqAZz
— PMO India (@PMOIndia) June 23, 2023
Earlier, Google CEO Sundar Pichai said that the firm will open a global fintech operation center in GIFT City in India's western state of Gujarat.
Also Read: Google to set up its global fintech operations centre in Gujarat: CEO Sundar Pichai
Prime Minister Narendra Modi on Saturday completed his three-day visit to the United States. During his visit, the Prime Minister also engaged with other top CEOs, including Sundar Pichai, CEO of Google, Satya Nadella of Microsoft, Tim Cook of Apple, Sam Altman of OpenAI, and Lisa Su of AMD, among others.
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