Why Silicon Valley's biggest companies are investing billions in India

  • 📰 CNN
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 95%

Business News News

Business Business Latest News,Business Business Headlines

Since the start of 2020, the biggest names in US tech have invested around $17 billion in India. Diminishing scope for tech cooperation with China and new threats to their foothold in places such as Hong Kong are giving new importance to the Indian market

San Francisco Since the start of 2020, the biggest names in US tech have invested around $17 billion in India.

Amazon pledged $1 billion in January, Facebook invested nearly $6 billion in late April and Google topped them all last week with a $10 billion commitment. They're part of a wave of investment into India's tech industry this year that's now well over $20 billion, with most of it coming from the United States.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

You forget that Silicon Valley is by farc owed and or run by indians lol

simple, i can earn between $500-700 as outsource call center agent in centralamerica, an Indian roughly make half of that, or even less, and they do triple the work all the time, they fuck up all the fucking time and we ended up fixing every fucking problem

And Modi n ppl of India looooove Trump

Coz...India is the biggest democracy.... A very favourable environment for business with a skilled youth...Indias 70% population is less than 35... India Ease of Doing business ranking improve by 60. From 134 to 73...in last 5 years...

Gestapo coming to netflix! Viewer discretion advised.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why business in Hong Kong should be worriedProviders of cloud services in Hong Kong—including Amazon, Google and Microsoft—are under pressure to agree to demands from regulators for customers’ banking records Those who are doing business with the Communist party of China should be declared complicit in crimes against humanity committee by the CCP mafia led by dictator Xi Jinping. Oh how funny because $GSX Techedu takes bank info via WeChat accounts and steals $ and makes it look like people paid for classes. Crazy I guess it’s a common practice in China. Take bank info! Is t that right Mr Chen GSXIR1 ? Cycle the costs through subs to make $GSX look good With freedom endangered and judicial system being destroyed, the city as an international business hub is gone.
Source: TheEconomist - 🏆 6. / 92 Read more »