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    Innovation Village | Technology, Product Reviews, Business
    You are at:Home»Business»Amazon ups India investment commitment to $26 billion
    Amazon CEO Andrew Jassy (L), Prime Minister Narendra Modi (R)

    Amazon ups India investment commitment to $26 billion

    2
    By Tapiwa Matthew Mutisi on June 26, 2023 Business, Ecommerce, economy, Funding, Investments, News, Products

    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.

    Productive meeting with Prime Minister @NarendraModi. Discussed Amazon’s commitment to invest $26B in India by 2030; working together we will support startups, create jobs, enable exports, and empower individuals and small businesses to compete globally. pic.twitter.com/yEgy0TVqpK

    — Andy Jassy (@ajassy) June 23, 2023

    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. 

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    Amazon Andy Jassy Business Economy Funding Government India Investments Narendra Modi Technology
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    Tapiwa Matthew Mutisi
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    Tapiwa Matthew Mutisi has been covering blockchain technology, intelligent technologies, cryptocurrency, cybersecurity, telecommunications technology, sustainability, autonomous vehicles, and other topics for Innovation Village since 2017. In the years since, he has published over 4,000 articles — a mix of breaking news, reviews, helpful how-tos, industry analysis, and more. | Open DM on Twitter @TapiwaMutisi

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