Amazon Inc. will invest another $15 billion in India. Andy Jassi, CEO of the company, made this promise in a meeting with Prime Minister Narendra Modi on a recent meeting. He also said that the total investment of the e-commerce giant in India will reach 26 billion US dollars by 2030, reported by Reuters.
According to a blog post by Amazon, the meeting focused on collaboration to advance Indian startups, creation of employment opportunities, export growth and digitization. Modi and Jassi discussed capacity building for small businesses there to survive in the global market. Meanwhile, Amazon’s cloud computing unit Amazon Web Services (AWS) said last month that it will invest 1.06 trillion rupees in India by 2030.
Sundar Pichai said, ‘We are continuing to invest in India.’ Google has started investing USD 1 billion in India Digitization Fund. However, Google did not give details to Reuters when contacted about the launch of the new fintech operations center. Indian Prime Minister Narendra Modi met Apple’s Tim Cook, Google’s Pichai and Microsoft’s Satya Nadella on the last day of his visit to Washington.
Comment here