-By ArdorComm News Network
June 27, 2023
After a meeting with Prime Minister Narendra Modi, Amazon CEO Andy Jassy announced that the company will invest $15 billion in India, bringing its total investment to $26 billion by 2030. This investment is expected to create around 20 lakh jobs in the country.
Jassy and Modi discussed various ways to support Indian start-ups, boost job creation, promote exports, accelerate digitalization, and help small businesses expand globally. Amazon has already committed to assisting 10 million small businesses in their digital transformation and facilitating $20 billion worth of exports.
Over the past decade, the company has helped digitize over 6.2 million small businesses and facilitated exports worth more than $7 billion, providing employment opportunities for 1.3 million people directly and indirectly.
Additionally, Amazon has supported over 12 lakh Indian businesses in selling their products online, even in remote areas of the country.
During Modi’s visit to the United States, he also met with tech executives, including Tim Cook from Apple, Sundar Pichai from Google, and Satya Nadella from Microsoft. It is reported that Modi invited these global companies to establish manufacturing units in India.