Amazon Commits $15 Billion Investment in India, Strengthening Digital Economy
During a meeting between Amazon CEO Andy Jassy and Indian Prime Minister Narendra Modi in Washington DC, Amazon announced its commitment to invest an additional $15 billion in India over the next seven years. This significant investment will bring the company's total investment in India to $26 billion, covering various business sectors.
Amazon aims to digitize 10 million small businesses, enable $20 billion in exports, and create 2 million jobs in India by 2025. The company has already made significant progress toward these goals, having digitized over 6.2 million small businesses, facilitated more than $7 billion in exports, and generated over 1.3 million direct and indirect jobs in India.
During the meeting, CEO Jassy and Prime Minister Modi discussed the importance of supporting Indian startups, fostering job creation, promoting exports, and empowering individuals and small businesses to compete on a global scale. Amazon's investment aims to bolster these objectives and contribute to the growth of the Indian digital economy.
The meeting between Jassy and Modi garnered a positive response, with India's Minister of Information Technology, Rajeev Chandrasekhar, tweeting about the investment commitment. He emphasized that Amazon's investment aligns with Prime Minister Modi's vision of a Digital and Self-Reliant India, further strengthening the technology partnership between the United States and India.
Having recently completed ten years in India, Amazon reflects on its transformative journey in the country. Starting with just 100 sellers and a dedicated team, the company had a vision to revolutionize the online buying and selling experience in India. Today, Amazon empowers over 12 lakh Indian businesses, enabling them to sell millions of products online and deliver to customers across the entire country, even in the most remote areas.
-t-thumb.jpeg)