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.
