Amazon plans $26 billion in India by 2030. AmazonInc (AMZN.O) CEO Andy Jassy stated Friday that the business will invest $26 billion in India by 2030, adding $6.5 billion.
Amazon Web Services (AWS) said this month it will invest 1.06 trillion rupees ($12.9 billion) in India by 2030. Jassy didn’t explain.
Amazon invested $6.5 billion to battle Walmart’s Flipkart and Mukesh Ambani’s Reliance Retail.
$6.5 billion invested. Applied Materials, Micron Technology, and the e-commerce giant invested during Modi’s official visit.
Modi and Jassy discussed helping Indian entrepreneurs, creating jobs, boosting exports, digitization, and allowing small firms to compete globally, according to an Amazon blog post.
Reuters partner ANI business tweeted a video of Google (GOOGL.O) CEO Sundar Pichai telling reporters that GIFT City in Gujarat, India, will host a global financial operation center.
“We shared Google is investing $10 billion in the India digitisation fund, and we are continuing to invest through that,” Pichai said.
Google did not answer Reuters’ request for new facility information after business hours.
On his last day in Washington, Modi met with Apple’s (AAPL.O) Tim Cook, Google’s Pichai, and Microsoft’s (MSFT.O) Satya Nadella to push global corporations to “Make in India.”
