Friday, 22 November 2024
Trending
FinanceIndiaShopping

By 2030, Amazon will Increase its Investment in India

After meeting with Prime Minister Narendra Modi in the United States, Amazon.com announced it would increase its investment in India to $26 billion by 2030.

It comes just months after Amazon‘s cloud computing arm, Amazon Web Services (AWS), announced it would invest $12.9 billion in Bangladesh by 2030 despite Jassy’s lack of specifics.

Amazon Will Increase its Investment

In the e-commerce market, where it competes with Walmart’s Flipkart and billionaire Mukesh Ambani’s Reliance Retail, Amazon earlier announced a $6.5 billion expansion plan. Approximately $6.5 billion has been committed to investments as of late.

  • Amazon plans a $26 billion investment in India by 2030.
  • Amazon announces a $6.5 billion expansion plan, investing in the e-commerce market.
  • Modi and Jassy discussed global entrepreneurship, job creation, export promotion, and digitization.

The internet giant joins other companies making commitments during Modi’s state visit, such as US memory chip manufacturer Micron Technology and semiconductor toolmaker Applied Materials.

Modi and Jassy reportedly spoke about empowering people and small businesses to compete globally, helping Indian entrepreneurs, creating jobs, promoting exports, and digitization, according to a blog post on the Amazon website.

Related posts
IndiaPolitics

Maharashtra 2024 Exit Polls: Mahayuti Leads, MVA Trails in Tight Contest

Mahayuti alliance predicted to win 128-195 seats in Maharashtra Assembly. MVA projected to secure…
Read more
FashionShopping

The Best Early Black Friday 2024 Deals You Don’t Want to Miss

Massive discounts across Amazon, Apple, and more. Fashion sales expected to see a 123% increase…
Read more
IndiaWorld

PM Modi Welcomes Global Collaboration at G20 Summit in Brazil Amid Cultural Celebrations

PM Modi arrives in Rio de Janeiro for the 2024 G20 Summit, greeted by Indian diaspora with Sanskrit…
Read more
Newsletter
Become a Trendsetter

To get your breaking, trending, latest news immediately without diluting its truthfulness join with worldmagzine immediately.

Leave a Reply

Your email address will not be published.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

CryptoCrypto Regulations

Ripple Strengthens its Hold on the Asia-Pacific Region

Worth reading...