Amazon commits to $15 billion investment in India,

Norman Ray
Norman Ray

Global Courant

US President Joe Biden watches as Indian Prime Minister Narendra Modi speaks during a meeting with senior officials and CEOs of US and Indian companies, in the East Room, White House in Washington, DC, on June 23, 2023.

Brendan Smialowski | AFP | Getty Images

Amazon.nl will invest another $15 billion in India, the company’s CEO Andy Jassy told Prime Minister Narendra Modi at his rally on Friday.

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The investment will bring the e-commerce giant’s total Indian investment in all businesses to $26 billion by 2030, he said.

Modi and Jassy talked about supporting Indian startups, creating jobs, enabling exports, digitization and empowering individuals and small businesses to compete globally, according to an Amazon blog post.

This announcement follows Amazon’s cloud computing unit Amazon Web Services (AWS) last month saying it will invest 1.06 trillion rupees ($12.9 billion) in the country by the end of 2030.

Individual, Google will open a global fintech operations center in GIFT City in India’s western state of Gujarat, CEO Sundar Pichai told reporters in a video shared on Twitter by Reuters partner ANI.

“We shared that Google is investing $10 billion in the Indian Digitization Fund, and we continue to invest in it,” said Pichai.

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Google did not immediately respond to a request from Reuters for comment on further details of the new center outside of business hours.

On the last day of his trip to Washington, Modi met with US and Indian technology executives, including Apples Tim Cook, Google’s Pichai and from Microsoft Satya Nadella and called on international companies to “Make in India.”

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