Amazon CEO Andy Jassy on said that the company is committed to invest $26 billion in India by 2030, after he met Prime Minister Narendra Modi here
Amazon has invested about $11 billion in India so far and has plans to invest nearly $15 billion more by 2030
“Productive meeting with PM Modi. Discussed Amazon’s commitment to invest $26 billion in India by 2030,” Jassy tweeted after meeting PM Modi
“Working together, we will support startups, create jobs, enable exports, and empower individuals and small businesses to compete globally,” the Amazon CEO added
India is a key market for Amazon, where it has invested over $6.5 billion in e-commerce in the last decade
In May this year, AWS announced plans to invest Rs 1,05,600 crore ($12.7 billion) into cloud infrastructure in India by 2030 to meet growing customer demand for cloud services in the country
This investment is estimated to contribute Rs 1,94,700 crore ($23.3 billion) to India’s total gross domestic product (GDP) by 2030
The fresh investment followed AWS’s investment of Rs $3.7 billion between 2016-2022, which will bring AWS’s total investment in India to $16.4 billion by 2030