Amazon CEO Reveals Big Plan To Invest $15 Billion More In India Over Next 7 Years

Amazon¡¯s CEO Andy Jassy has revealed big plans regarding the e-commerce giant's investment in India.

Amazon To Invest $15 Billion More In India By 2030

The e-commerce giant¡¯s CEO has said that it will take investments in India to $26 billion by 2030, adding $15 billion in new planned investments in an announcement made after Jassy met Prime Minister Narendra Modi in the US.

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After meeting PM Narendra Modi, Amazon CEO Andy Jassy said the company has already invested $11 billion in India to date, as per PTI.

"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 future of partnering," Jassy said on Friday.

India's External Affairs Ministry in a tweet said India's PM held a productive meeting with the president and CEO of Amazon. "Discussions focused on the area of e-commerce and the potential of further collaboration with @amazon in the logistics sector in India," it said, the report mentioned.

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Also Read: Why Netflix Once Rejected Amazon's $15 Million Offer To Buy The Streaming Giant

Other Tech Giant's Big Moves Towards India

Besides Amazon's $15 billion push towards India, tech giant Google will open a global fintech operation centre in GIFT City in India's western state of Gujarat, with teams working on operations supporting its payment service GPay, and other product operations at Google, the company said in a statement, as per Reuters report.

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"We shared Google is investing $10 billion in the India digitisation fund, and we are continuing to invest through that," CEO Sundar Pichai told reporters in a video shared on Twitter.

On the final day of his Washington trip, Indian PM Modi met with U.S. and Indian technology executives, including Apple's Tim Cook, Google's Pichai and Microsoft's Satya Nadella and appealed to global companies to "Make in India".

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