Amazon commits to $15 billion India investment, CEO Andy Jassy says

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Modi and Jassy spoke about supporting Indian startups, creating jobs, enabling exports, digitization, and empowering individuals and small businesses.

US President Joe Biden looks on as India's Prime Minister Narendra Modi speaks during a meeting with senior officials and CEOs of American and Indian companies, in the East Room the White House in Washington, DC, on June 23, 2023.will invest an additional $15 billion in India, the company's Chief Executive Andy Jassy told Prime Minister Narendra Modi in his meeting on Friday.

The investment will take the e-commerce giant's total India investment across all businesses to $26 billion by 2030, he said. Modi and Jassy spoke about supporting Indian startups, creating jobs, enabling exports, digitization, and empowering individuals and small businesses to compete globally, an Amazon blog post said.

This announcement follows Amazon's cloud computing unit Amazon Web Services saying last month it will invest 1.06 trillion rupees in the country by the end of 2030.will open a global fintech operation center in GIFT City in India's western state of Gujarat, CEO Sundar Pichai told reporters in a video shared on Twitter by Reuters partner ANI company.

"We shared Google is investing $10 billion in the India digitization fund, and we are continuing to invest through that," Pichai said.

 

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Amazon commits to $15 billion India investment, CEO saysAmazon.com Inc will invest an additional $15 billion in India, the company's Chief Executive Andy Jassy told Prime Minister Narendra Modi in his meeting on Friday.
Source: Reuters - 🏆 2. / 97 Read more »