Amazon commits to US$15bil India investment

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Amazon commits to US$15bil India investment FMTNews FMTBusiness

WASHINGTON: Amazon.com Inc will invest an additional US$15 billion in India, the company’s chief executive Andy Jassy told Prime Minister Narendra Modi in his meeting on Friday.

Modi and Jassy spoke about supporting Indian startups, creating jobs, enabling exports, digitisation, and empowering individuals and small businesses to compete globally, an Amazon blog post said. Separately, Google will open a global fintech operation centre 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.

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