During a meeting with Prime Minister Narendra Modi, Amazon’s CEO, Andy Jassy, expressed the company’s plans to further invest $15 billion in India, expanding its presence in the country. This additional investment will bring Amazon’s total investment in various businesses in India to $26 billion by 2030.
In their conversation, Prime Minister Narendra Modi and CEO Andy Jassy discussed several important areas, including the promotion of Indian startups, job creation, exports facilitation, digital transformation, and empowering individuals and small businesses to thrive in the global market. A blog post by Amazon highlighted these discussions.
In addition to the investment plans of Amazon Web Services (AWS), the company’s cloud computing unit, which aims to invest $12.9 billion in India by 2030, Amazon.com Inc has made another significant announcement. Google’s CEO Sundar Pichai also revealed plans to establish a global fintech operation center in GIFT City, Gujarat, India.
Pichai stated that Google is investing $10 billion in the India digitization fund. Prime Minister Narendra Modi had discussions with top technology executives like Tim Cook from Apple, Sundar Pichai from Google, and Satya Nadella from Microsoft during his visit to Washington, D.C. Modi encouraged these companies to consider manufacturing their products in India as part of his “Make in India” initiative.
Meanwhile, Amazon is hosting the Amazon.in’s 5G Revolution Sale in India with attractive discounts on a wide range of 5G-enabled smartphones. Customers can also avail additional exchange bonuses and discounts on SBI credit card EMI transactions.