Amazon will invest an additional $ 15 billion, by 2030 the total investment will be $ 26 billion
Amazon has once again announced to invest in India. After PM Modi's US visit, Amazon's CEO has announced plans to invest an additional $15 billion in India. Let us tell you that after this investment of the company, a total investment of $ 26 billion will be made in India. Even before this, the company had announced the investment.
Veteran e-commerce company Amazon plans to invest an additional $ 15 billion in India. After this investment, Amazon's total investment in India will be $ 26 billion.
The announcement of additional investment comes after PM Modi's US visit. Amazon CEO Andy Jassy said that Amazon has already invested $ 11 billion in India and now after investing another $ 15 billion, the total amount of investment will be $ 26 billion.
Amazon CEO Andy Jesse said that Amazon will make this investment in India in the next seven years i.e. by 2030. Amazon's cloud computing unit Amazon Web Services (AWS) last month said it would invest 1.06 trillion rupees ($12.9 billion) in the country by the end of 2030, according to news agency Reuters.
The Amazon CEO said that by working together, India and Amazon will support startups, create jobs and enable exports, empowering individuals and small businesses to compete globally. Let us tell you that India is a big market for Amazon.
Let us tell you that recently Amazon has completed 10 years in India. Amazon explained in its blog that it was started in India with only 100 sellers, a talented team, and an aim to change the way online shopping and selling is done in India. Currently, Amazon has more than 12 lakh Indian businesses that sell crores of products online.
Before Amazon, Google also talked about investing in India. Google has announced the opening of its Global FitNeck Operations Center at GIFT City, located in Gandhinagar, Gujarat. Google's payment service Google Pay (G Pay) and other products will be operated from this center.