[ad_1]

NEW DELHI: E-commerce major Amazon has committed to invest an additional $15 billion in India over the next seven years. This will take the company’s total India investment across all businesses to $26 billion, CEO Andy Jassy told Prime Minister Narendra Modi.
“Discussed Amazon’s commitment to invest $26 billion in India by 2030; working together we will support startups, create jobs, enable exports, and empower individuals and small businesses to compete globally,” Jassy tweeted after his meeting with Modi during his U.S. visit.
Amazon which counts India as one of its key growth markets and together with Walmart owned Flipkart corner the bulk of the country’s e-commerce market recently completed 10 years of operations in India.
In a blog, Amazon said that it has already digitised over 6.2 million Indian small businesses, enabled over $7 billion in exports, and created over 1.3 million direct and indirect jobs.
Last month, Amazon Web Services (AWS) had announced its plans to invest $12.7 billion into cloud infrastructure in India by 2030 to meet growing customer demand for cloud services in the country.
India with its young population and spending potential has become the go to investment haven for global brands which are increasingly betting on the country to drive business growth.



[ad_2]

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *