Amazon.com Announces $15 Billion Investment Plan in India, CEO Andy Jassy Reveals

In a meeting with Indian Prime Minister Narendra Modi on Friday, Chief Executive Officer (CEO) of Amazon.com, Andy Jassy, unveiled plans for an additional $15 billion investment in India. The investment is part of the e-commerce giant’s strategy to expand its presence and strengthen its operations in the country.

With this new commitment, Amazon’s total investment in India across all business sectors is projected to reach $26 billion by 2030. Jassy’s announcement came shortly after Amazon Web Services (AWS), the company’s cloud computing unit, disclosed its plans to invest $12.9 billion in India last month.

During the meeting between Jassy and Prime Minister Modi, the two leaders discussed various topics, including their shared interest in supporting Indian startups, generating employment opportunities, and enabling individuals and small businesses to compete on a global scale. An Amazon blog post highlighted the importance of empowering entrepreneurs and fostering economic growth in India.

The meeting took place on the final day of Prime Minister Modi’s trip to Washington, where he was the distinguished guest at a White House state dinner on Thursday evening. The event was attended by prominent figures from the technology industry, politicians, and celebrities. Following the state dinner, Modi engaged in discussions with top executives from U.S. and Indian technology companies, such as Apple’s Tim Cook, Google’s Sundar Pichai, and Microsoft’s Satya Nadella. The Indian Prime Minister used the opportunity to urge global corporations to invest and “Make in India.”

Meanwhile, Google also announced its plans to establish a global fintech operation center in Gujarat International Finance Tec-City (GIFT City), located in the western state of Gujarat, India. Sundar Pichai, CEO of Google, shared this information with reporters through a video shared on Twitter by Reuters partner ANI company.

The recent commitments by Amazon.com and Google highlight the growing significance of India as a key market for global tech companies. The investments not only underscore the confidence placed in the Indian economy but also signify the country’s potential to foster innovation and contribute to the digital transformation of various sectors.

As India continues to attract substantial foreign investments, it is anticipated that these developments will further stimulate economic growth, create employment opportunities, and bolster the country’s position in the global digital landscape.