Following a meeting with Prime Minister Narendra Modi, Andy Jassy, CEO, Amazon, has said that the company will invest $15 billion in India. Considering the investment it has already done before, by 2030, Amazon’s total investment in India will go up to $26 billion. This additional investment of $15 billion will provide employment to about 20 lakh people in India.
Jassy and Modi discussed ways to lend support to Indian startups, create more jobs, give a boost to exports, accelerate digitalisation and also help small businesses enter the global market.
Amazon has already committed to help 10 million small businesses on their digitisation journey and facilitate exports worth $20 billion. In the ten years of its presence in India, the company has helped digitise more than 6.2 million small business and also helped push exports worth more than $7 billion. Its efforts have ensured means of livelihood for 1.3 million people via both direct and indirect jobs. Amazon has been successfully helping over 12 lakh Indian businesses sell their offerings online and reach the remotest of areas across India.
At the fag end of Modi’s US trip, he met tech executives from the United States as well as India. Amongst the participants at the meeting were, Tim Cook, CEO, Apple; Sundar Pichai, CEO, Google, and Satya Nadella, CEO, Microsoft. Modi reportedly invited thse these global firms to launch their manufacturing units in India.
