Amazon Commits US$ 6.5 Billion to India by 2030 - News

Amazon.com Inc revealed that it intends to boost its investment in India to US$ 26 billion by 2030. The statement followed a meeting between Andy Jassy, CEO, Amazon.com Inc and Narendra Modi, Prime Minister of India, in the US, where Modi urged technology executives from Apple, Google, and Microsoft to invest in ‘Make in India’. 
This commitment follows Amazon Web Services’ recent announcement to invest US$ 12.9 billion in India by 2030. Previously, the company announced a US$ 6.5 billion investment plan to boost its e-commerce operations and compete with Walmart’s Flipkart and Reliance Retail. 
The newly disclosed investment totals US$ 6.5 billion. Modi and Jassy discussed assisting Indian entrepreneurs, job growth, exports, digitization, and empowering individuals and small businesses to compete worldwide during their discussion. Amazon’s additional investment is consistent with other commitments made during the Prime Minister’s visit.