Amazon has announced its plan to invest an additional $15 billion in India over the next seven years, bringing their total investment in India to $26 billion. Amazon CEO, Andy Jassy, shared this commitment with Indian Prime Minister, Narendra Modi, during their meeting in Washington DC on June 23.
During their discussion, Jassy and Modi focused on various areas such as supporting Indian startups, generating employment opportunities, promoting exports, advancing digitization, and empowering individuals and small businesses to compete globally.
“Digitizing Indian businesses and creating jobs”
Amazon aims to digitize 10 million small businesses, facilitate $20 billion in exports, and create 2 million jobs in India by 2025. Currently, Amazon India is making progress towards achieving these goals, as it has already digitized over 6.2 million small businesses, enabled over $7 billion in exports, and generated more than 1.3 million direct and indirect jobs.
Rajeev Chandrasekhar, Minister of Information Technology, also acknowledged Jassy’s meeting with PM Modi, stating, “This significant investment commitment by Amazon India to invest $26 billion by 2030 and create 2 million jobs aligns with Prime Minister Narendra Modi’s vision of a Digital and Self-Reliant India, and will further strengthen the America-India tech partnership.”
Amazon celebrates 10 years in India
Recently, Amazon completed a decade of operations in India. The company started with only 100 sellers and a dedicated team, aiming to revolutionize the e-commerce landscape in India. Today, Amazon empowers over 12 lakh Indian businesses to sell a wide range of products online, delivering to customers in every serviceable pin code across the country.
Denial of responsibility! TechCodex is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
Alex Smith is a writer and editor with over 10 years of experience. He has written extensively on a variety of topics, including technology, business, and personal finance. His work has been published in a number of magazines and newspapers, and he is also the author of two books. Alex is passionate about helping people learn and grow, and he believes that writing is a powerful tool for communication and understanding.
