News Brief
Amazon Intends To Invest Additional $15 Billion In India, Says CEO Andy Jassy After Meeting Prime Minister Modi
Amazon CEO Andy Jassy with PM Modi (Pic Via Twitter)
Amazon has announced its plans to invest an additional $15 billion in India in the next six years, bringing its total investment in the country to $26 billion by 2030.
Following a meeting with Prime Minister Narendra Modi in the US on Friday (23 June), Amazon CEO Andy Jassy said that the company has already invested $11 billion in India to date.
"I had a very good and productive conversation with Prime Minister Modi. I think we share a number of goals. Amazon is one of the biggest investors in India. We have invested $11 billion till date and intend to invest another $15 billion, which will bring the total to $26 billion. So we are very much looking forward to the future of partnering," Jassy was quoted as saying by The Hindu.
The Amazon CEO in a tweet added, "Productive meeting with Prime Minister Narendra Modi. Discussed Amazon’s commitment to invest $26B in India by 2030; working together we will support startups, create jobs, enable exports, and empower individuals and small businesses to compete globally".
In a statement, the Ministry of External Affairs (MEA) said that PM Modi "held a productive meeting" with the Amazon CEO.
"Discussions focused on the area of e-commerce and the potential of further collaboration with Amazon in the logistics sector in India," the MEA said.
PM Modi welcomed Amazon's initiative of promoting digitisation of MSMEs in India, it added.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest
