E-commerce giant Amazon is willing to invest an additional $15 billion in India, bringing the total investment in the country to $26 billion. Meeting with Indian Prime Minister Narendra Modi, Amazon CEO Andy Jassy said: “We have invested $11 billion so far and plan to invest another $15 billion, which will bring the total to $26 billion So we are very much looking forward to the future of partnering.”
Productive meeting with Prime Minister @NarendraModi. Discussed Amazon’s commitment to invest $26 billion in India by 2030; working together we will support startups, create jobs, enable exports and empower individuals and small businesses to compete globally. pic.twitter.com/yEgy0TVqpK—Andy Jassy (@ajassy) June 23, 2023
Jassy met Modi on Friday during his first state visit to the US in Washington DC. During their conversation, the two leaders discussed various topics such as helping Indian startups, creating jobs, promoting exports, embracing digitalization and empowering individuals and small businesses to compete on a global scale.
The company has committed to digitizing 10 million small businesses by 2025, enabling $20 billion in exports and creating 2 million jobs in India.
Union Minister of Electronics and IT Rajeev Chandrasekhar also took to the microblogging platform Twitter and tweeted about Jassy’s meeting with Prime Minister Modi.
This major investment commitment by @amazonIN is to invest $26 billion and create 20 Lakh jobs in India by 2030 – Corresponds to PM @narendramodi ji’s vision of a digital and self-reliant India n will help the #AI(America-India) technical partnership#ModiInUSA… https://t.co/HUJlI88k1K — Rajeev Chandrasekhar 🇮🇳 (@Rajeev_GoI) June 24, 2023
“This major investment commitment from @amazonIN is to invest $26 billion by 2030 and create 20 Lakh jobs in India – is in line with PM @narendramodiji’s vision of a digital and self-reliant India n will help the #AI (America-India ) technical partnership,” he tweeted.
Currently, Amazon India is on track to deliver, having already digitized more than 6.2 million small businesses, enabling more than $7 billion in exports and creating more than 1.3 million direct and indirect jobs. Amazon recently completed 10 years in India, enabling more than 12 lakh Indian companies to sell and deliver millions of products online to customers using any usable PIN across the country.