During a meeting between Prime Minister Narendra Modi and Amazon CEO Andy Jassy, a significant announcement was made regarding Amazon.com Inc’s plans to further strengthen its presence in India.
Jassy revealed that the company intends to invest an additional $15 billion in the country, which will bring their total investment in various Indian businesses to a remarkable $26 billion by the year 2030.
Amazon To Invest $26 Billion By 2030
The conversation between Prime Minister Modi and Jassy encompassed several key areas of focus. One of the primary objectives discussed was the promotion and support of Indian startups, recognizing their potential to drive innovation and economic growth. Job creation emerged as another crucial aspect of their discussion, with a mutual understanding of the importance of fostering employment opportunities in the country.
Jassy tweeted, “Productive meeting with Prime Minister @NarendraModi. Discussed Amazon’s commitment to invest $26B in India by 2030; working together we will support startups, create jobs, enable exports, and empower individuals and small businesses to compete globally.”
The investment plans extended beyond Amazon’s e-commerce division. Amazon Web Services (AWS), the company’s cloud computing unit, is set to invest an impressive 1.06 trillion rupees ($12.9 billion) in India by 2030. This substantial investment in AWS demonstrates Amazon’s dedication to supporting India’s digital infrastructure and fostering technological advancements.
Google CEO To Invest $10 Billion in India
Interestingly, during the same period, Google’s CEO Sundar Pichai announced his company’s intention to establish a global fintech operation center in GIFT City, Gujarat, India. Pichai emphasized Google’s investment of $10 billion in the India digitization fund, reinforcing their commitment to driving the country’s digital transformation.
Prime Minister Modi’s visit to Washington, D.C., provided an opportunity for fruitful engagements with top technology executives from both India and the United States. In addition to Jassy, Tim Cook from Apple and Satya Nadella from Microsoft were among those present. During these discussions, Prime Minister Modi urged global companies to consider manufacturing their products in India, aligning with his ambitious “Make in India” initiative aimed at boosting domestic manufacturing and job creation.
While further details about Google’s new fintech center were not immediately available, the announcements made by both Amazon and Google reflect their recognition of India’s potential as a key market and their commitment to long-term growth and partnership in the country. These investments will undoubtedly contribute to the advancement of India’s digital landscape and economy, opening up new avenues for innovation, employment, and technological progress.
