This Article is From Jun 24, 2023

Amazon To Invest Additional $15 Billion In India, CEO Tells PM Modi

The announcement will take the e-commerce giant's total India investment across all businesses to $26 billion (approximately Rs 2.13 lakh crore) by 2030.

Amazon To Invest Additional $15 Billion In India, CEO Tells PM Modi

PM Modi and Amazon CEO Andy Jassy also spoke about supporting Indian startups and creating jobs.

Washington DC:

Amazon.com Inc will invest an additional $15 billion (approximately Rs 1.23 lakh crore) 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 (approximately Rs 2.13 lakh crore) by 2030, he said.

PM Modi and Mr 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.

This announcement follows Amazon's cloud computing unit Amazon Web Services (AWS) saying last month that it will invest Rs 1.06 lakh crore ($12.9 billion) in the country by the end of 2030.

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.

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

Google did not immediately respond to a Reuters request for comment on further details of the new centre, outside of business hours.

On the final day of his Washington trip, Modi met with US and Indian technology executives, including Apple's Tim Cook, Google's Pichai and Microsoft's Satya Nadella and appealed to global companies to "Make in India".

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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