Amazon Plans to Invest Additional $15 Billion in India, Says CEO Andy Jassy
- ByStartupStory | June 24, 2023
In a recent meeting with Prime Minister Narendra Modi, Amazon’s CEO Andy Jassy expressed the company’s intentions to expand its presence in India through an additional investment of $15 billion. The discussions between Jassy and Prime Minister Modi covered various important areas, including support for Indian startups, job creation, boosting exports, digital transformation, and empowering individuals and small businesses in the global market.
Amazon’s commitment to India extends beyond this announcement, as their cloud computing unit, Amazon Web Services (AWS), plans to invest 1.06 trillion rupees ($12.9 billion) in the country by 2030. This investment aims to bolster India’s digital infrastructure and technological capabilities.
In a similar vein, Google’s CEO Sundar Pichai revealed the company’s plan to establish a global fintech operation center in GIFT City, Gujarat, India. Pichai highlighted Google’s ongoing investment in India through its $10 billion India Digitization Fund.
During Prime Minister Modi’s visit to Washington, D.C., he engaged in 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. Prime Minister Modi emphasized his “Make in India” initiative, urging these global companies to consider manufacturing their products in India.
As the Indian government aims to foster technological growth and promote investments in the country, Amazon and Google’s announcements reflect their commitment to India’s thriving market. These strategic investments will contribute to India’s digital transformation and pave the way for new opportunities in various sectors.
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