Amazon to Invest $15 billion More in India, Taking Total to $26 billion
Hamrakura
Published 2023 Jun 25 Sunday
New Delhi: On Saturday, e-commerce giant Amazon revealed its plans to increase its investment in India by an additional 15 billion U.S. dollars, bringing its total investment in the country to 26 billion dollars.
The announcement was made by Amazon CEO Andy Jassy following his meeting with Indian Prime Minister Narendra Modi in Washington D.C. on Friday.
The Indian Prime Minister's Office stated that Modi and Jassy held discussions on various aspects of e-commerce and explored possibilities for further collaboration between Amazon and India, particularly in the logistics sector.
The Prime Minister welcomed Amazon's efforts to promote the digitization of Micro, Small, and Medium Enterprises (MSMEs) in India, recognizing the potential benefits it could bring to the country's economic growth and development.
With this increased investment, Amazon aims to strengthen its presence and operations in the Indian market, tapping into the country's growing e-commerce sector and contributing to the digitization of local businesses.
