Amazon raises investment in India to $26 bln by 2030

A man walks past a logo of Amazon Prime Video during a launch event in Mumbai, India, April 28, 2022. REUTERS/Francis Mascarenhas/File Photosaid on Friday it will take its investments in India to $26 billion by 2030, adding $6.5 billion in new planned investments in an announcement made after CEO Andy Jassy met Prime Minister Narendra Modi in the United States.

Though Jassy gave no breakdown, the announcement follows Amazon's cloud computing unit Amazon Web Services saying last month it willEarlier, Amazon had announced a $6.5 billion investment plan, largely to boost its e-commerce business where it competes with Walmart's Flipkart and billionaire Mukesh Ambani's Reliance Retail.The e-commerce giant's announced investment during Modi's trip adds to other companies, including U.S.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

EM stocks will catch up to US stocks in global market share by 2030: GoldmanEmerging-market stocks will make up a bigger share of the global landscape than the US by next decade, Goldman says
Source: BusinessInsider - 🏆 729. / 51 Read more »

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 »

Amazon commits to $15 billion India investment, CEO Andy Jassy saysModi and Jassy spoke about supporting Indian startups, creating jobs, enabling exports, digitization, and empowering individuals and small businesses.
Source: CNBC - 🏆 12. / 72 Read more »