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Amazon CEO Andy Jassy pledges $15 billion investment in India, boosting economic growth

Amazon has revealed its intention to inject an extra $15 billion into India, thereby increasing its overall investment in diverse sectors within the country to $26 billion by 2030. During a meeting between CEO Andy Jassy and Indian Prime Minister Narendra Modi, they explored ways to support the growth of Indian startups, generate employment opportunities, facilitate exports, and foster digital transformation.
Indian Prime Minister Narendra Modi and Amazon CEO Andrew Jassy held a meeting at the White House in Washington on Friday, June 23, 2023.

Latest News: During their meeting on Friday, Amazon's CEO Andy Jassy shared with Prime Minister Narendra Modi that Inc has plans to expand its operations in India through a significant investment of $15 billion. Jassy further emphasized that this additional investment will raise the company's overall investment in different Indian businesses to $26 billion by 2030.

As per an Amazon blog post, Prime Minister Narendra Modi and CEO Andy Jassy engaged in a fruitful conversation, addressing diverse crucial subjects. These encompassed extending support to Indian startups, creating job avenues, enhancing exports, spearheading digital transformation, and empowering individuals as well as small businesses to thrive on a global scale.

In addition to the recent investment intentions of Amazon Web Services (AWS), the cloud computing division of Amazon, which plans to invest 1.06 trillion rupees ($12.9 billion) in India by 2030, Inc has made another noteworthy announcement.

In an intriguing video shared on Twitter by ANI, a Reuters partner, Sundar Pichai, the CEO of Google, announced their plans to set up a fintech operation center in GIFT City, situated in Gujarat, India. Pichai mentioned that Google is committed to investing $10 billion in the India digitization fund, with ongoing investments.

Wrapping up his visit to Washington, D.C., Prime Minister Narendra Modi held meetings with prominent technology executives representing both the United States and India. Distinguished figures present at these meetings included Tim Cook from Apple, Sundar Pichai from Google, and Satya Nadella from Microsoft.

Modi encouraged these multinational corporations to explore manufacturing their products within India, highlighting his "Make in India" campaign. Reuters sought additional information regarding Google's upcoming center, but received no immediate response outside of regular business hours.