Amazon Commits $15 Billion Investment In India As CEO Andy Jassy Meets Prime Minister Modi

Amazon, the global e-commerce giant, has announced its commitment to invest a staggering $15 billion in India. The company's Chief Executive, Andy Jassy, conveyed this significant investment commitment to Prime Minister Narendra Modi during their meeting on Friday.

Amazon, the global e-commerce giant, has announced its commitment to invest a staggering $15 billion in India. The company's Chief Executive, Andy Jassy, conveyed this significant investment commitment to Prime Minister Narendra Modi during their meeting on Friday.

According to CEO Andy Jassy, the investment will bring the e-commerce giant's overall India investment across all sectors to $26 billion by 2030.

Modi and Jassy discussed assisting Indian startups, fostering employment opportunities, facilitating exports, digitization, and enabling people and small businesses to compete globally, as per an amazon blog post.

This significant announcement comes shortly after Amazon Web Services (AWS), the company's cloud computing unit, revealed its plan to invest 1.06 trillion rupees ($12.9 billion) in India by the end of 2030.

Separately, CEO Sundar Pichai announced that Google will establish a worldwide fintech operation centre in Gujarat, a state in western India. The video was posted on Twitter by Reuters partner ANI.

"We shared that Google is investing $10 billion in the India digitization fund, and we are continuing to invest through that," Pichai said.

During the concluding day of his Washington trip, Prime Minister Modi held a meeting with prominent U.S. and Indian technology executives. The gathering included the likes of Tim Cook from Apple, Sundar Pichai from Google, and Satya Nadella from Microsoft. During the meeting, Prime Minister Modi urged global companies to consider investing and manufacturing in India as part of the "Make in India" initiative.