Amazon CEO Andy Jassy Announces $15 Billion Investment in India During Meeting with Prime Minister Narendra Modi
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During their discussion on Friday, Prime Minister Narendra Modi was briefed by Amazon CEO Andy Jassy that the company plans to increase its footprint in India by investing an additional $15 billion.
By 2030, the corporation would have invested a total of $26 billion in a variety of Indian enterprises, according to Jassy.
Prime Minister Narendra Modi and CEO Andy Jassy spoke about a number of important topics, according to a blog post by Amazon. The promotion of Indian startups was one of them, along with job creation, export facilitation, digital transformation, and enabling people and small enterprises to succeed on the world market.
Amazon.com Inc. has made another big statement in addition to the recent investment plans of Amazon Web Services (AWS), Amazon’s cloud computing division, which expects to invest 1.06 trillion rupees ($12.9 billion) in India by 2030.
It’s interesting to note that Google CEO Sundar Pichai also declared in a video posted on Twitter by Reuters partner ANI firm that the corporation plans to build a worldwide financial operation centre in Gujarat’s western city of GIFT.
“We shared Google is investing $10 billion in the India digitization fund, and we are continuing to invest through that,” Pichai said.
On the final day of his tour, Prime Minister Narendra Modi met with top technology CEOs from both the US and India when he was in Washington, D.C. Tim Cook from Apple, Sundar Pichai from Google, and Satya Nadella from Microsoft were in attendance.
Modi emphasised his “Make in India” campaign as he invited these multinational corporations to think about producing their goods in India. When Reuters asked for more information regarding Google’s new facility outside of business hours, there was no quick answer.
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