Amazon CEO Andy Jassy says ready to invest $15 billion more in India
The $26 billion investment includes the earlier announced plans to pump in $11 billion into cloud infrastructure in India by 2030.
- Jun 24, 2023,
- Updated Jun 24, 2023 12:27 PM IST
Ecommerce major Amazon CEO Andy Jassy has said that the company is ready to invest $15 billion more in India, taking its total investment in the country to $26 billion. Jassy met Prime Minister Narendra Modi before the latter left for Egypt.
"I had a very good and productive conversation with Prime Minister Modi. I think we share a number of goals. Amazon is one of the biggest investors in India. We have invested $11 billion till date and intend to invest another $15 billion, which will bring the total to $26 billion. So we are very much looking forward to future of partnering," Jassy said on Friday.
He said that he had a productive meeting with PM Modi, where he discussed how Amazon can support startups, create jobs, enable exports, and empower individuals.
The $26 billion investment includes the earlier announced plans to pump in $11 billion into cloud infrastructure in India by 2030. This investment will be supporting an estimated average of 1.31 lakh jobs in Indian business each year, the company had said in a statement.
After meeting Jassy, PMO also tweeted that both discussions some crucial topics, such as e-commerce, digitisation efforts and the logistics sector.
PM Modi welcomed Amazon’s initiative of promoting digitisation of MSMEs in India.
India's External Affairs Ministry in a tweet said the prime minister held a productive meeting with the president and CEO of Amazon.
"Discussions focused on the area of e-commerce and the potential of further collaboration with @amazon in the logistics sector in India," it said.
Earlier, Alphabet CEO Sundar Pichai also met Modi in Washington and subsequently announced that the tech giant would be investing $10 billion in India's digitisation fund.
Also read: Big relief for H-1B visa holders! PM Modi announces H-1B visa renewal can be done in US itself
Also read: Modi, Biden address top CEOs at White House; Ambani, Pichai, Nadella, Cook attend the meeting
Also watch: Sovereign gold bond scheme (SGB), gold funds or gold ETFs: What is the best way to invest in gold?
Ecommerce major Amazon CEO Andy Jassy has said that the company is ready to invest $15 billion more in India, taking its total investment in the country to $26 billion. Jassy met Prime Minister Narendra Modi before the latter left for Egypt.
"I had a very good and productive conversation with Prime Minister Modi. I think we share a number of goals. Amazon is one of the biggest investors in India. We have invested $11 billion till date and intend to invest another $15 billion, which will bring the total to $26 billion. So we are very much looking forward to future of partnering," Jassy said on Friday.
He said that he had a productive meeting with PM Modi, where he discussed how Amazon can support startups, create jobs, enable exports, and empower individuals.
The $26 billion investment includes the earlier announced plans to pump in $11 billion into cloud infrastructure in India by 2030. This investment will be supporting an estimated average of 1.31 lakh jobs in Indian business each year, the company had said in a statement.
After meeting Jassy, PMO also tweeted that both discussions some crucial topics, such as e-commerce, digitisation efforts and the logistics sector.
PM Modi welcomed Amazon’s initiative of promoting digitisation of MSMEs in India.
India's External Affairs Ministry in a tweet said the prime minister held a productive meeting with the president and CEO of Amazon.
"Discussions focused on the area of e-commerce and the potential of further collaboration with @amazon in the logistics sector in India," it said.
Earlier, Alphabet CEO Sundar Pichai also met Modi in Washington and subsequently announced that the tech giant would be investing $10 billion in India's digitisation fund.
Also read: Big relief for H-1B visa holders! PM Modi announces H-1B visa renewal can be done in US itself
Also read: Modi, Biden address top CEOs at White House; Ambani, Pichai, Nadella, Cook attend the meeting
Also watch: Sovereign gold bond scheme (SGB), gold funds or gold ETFs: What is the best way to invest in gold?