Amazon ups India investment commitment to $26 billion

Amazon’s CEO, Andy Jassy, informed Prime Minister Narendra Modi during their meeting on Friday that Amazon.com Inc intends to enhance its presence in India by investing an extra $15 billion. According to Jassy, this additional investment will bring the company’s total investment in various businesses in India to $26 billion by 2030.

According to a blog post by Amazon, Prime Minister Narendra Modi and CEO Andy Jassy discussed several key areas during their conversation. These included the promotion of Indian startups, job creation, facilitating exports, digital transformation, and empowering individuals and small businesses to thrive in the global market.

In addition to the recent investment plans of Amazon Web Services (AWS), Amazon’s cloud computing unit, which aims to invest 1.06 trillion rupees ($12.9 billion) in India by 2030, Amazon.com Inc has made another significant announcement.

Interestingly, Google’s CEO Sundar Pichai also revealed in a video shared on Twitter that Google intends to establish a global fintech operation center in GIFT City, located in the western state of Gujarat, India. “We shared Google is investing $10 billion in the India digitization fund, and we are continuing to invest through that,” Pichai stated.

During Prime Minister Narendra Modi’s visit to Washington, D.C., on the last day of his trip, he held meetings with top technology executives from both the United States and India. Among those present were Tim Cook from Apple, Sundar Pichai from Google, and Satya Nadella from Microsoft. 

Modi urged these global companies to consider manufacturing their products in India, emphasizing his "Make in India" initiative.