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Amazon Commits $15 Billion Investment in India, Bolstering Economic Growth

Amazon.com Inc, under the leadership of CEO Andy Jassy, has made a significant commitment to invest an additional $15 billion in India. Jassy conveyed this message to Prime Minister Narendra Modi during their meeting, emphasizing the company’s dedication to the Indian market. This new investment will bring Amazon’s total investment in India, across all its businesses, to a remarkable $26 billion by 2030.

The discussions between Modi and Jassy covered several key areas, including the support for Indian startups, job creation, facilitation of exports, digitization efforts, and the empowerment of individuals and small businesses to compete on a global scale. These discussions reflect Amazon’s vision for a robust and inclusive digital ecosystem in India.

In a related development, Amazon Web Services (AWS), the cloud computing arm of Amazon, recently announced its plans to invest 1.06 trillion rupees ($12.9 billion) in India by the end of 2030. This substantial investment underscores Amazon’s commitment to strengthening its technological infrastructure in the country.

Furthermore, Google has revealed its intention to establish a global fintech operation center in India’s GIFT City, located in the western state of Gujarat. Sundar Pichai, the CEO of Google, shared this news during a video conference and mentioned the company’s ongoing investment of $10 billion through the India digitization fund. However, specific details about the new center were not immediately available.

During his visit to Washington, Modi engaged in discussions with top executives from prominent U.S. and Indian technology companies, including Tim Cook from Apple, Sundar Pichai from Google, and Satya Nadella from Microsoft. In these interactions, Modi urged global companies to consider investing and manufacturing in India, further reinforcing the country’s commitment to fostering a favorable business environment.

In summary, Amazon’s substantial investment in India, coupled with Google’s plans for a fintech operation center, signals the continued confidence and interest of these tech giants in the Indian market. The engagements between company leaders and government officials highlight the shared goal of promoting innovation, job creation, and digitization for the benefit of India’s economy and its people.

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