Amazon commits to $15 billion India investment, CEO Andy Jassy says

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US President Joe Biden looks on as India’s Prime Minister Narendra Modi speaks during a meeting with senior officials and CEOs of American and Indian companies, in the East Room the White House in Washington, DC, on June 23, 2023. 

Brendan Smialowski | AFP | Getty Images will invest an additional $15 billion in India, the company’s Chief Executive Andy Jassy told Prime Minister Narendra Modi in his meeting on Friday.

The investment will take the e-commerce giant’s total India investment across all businesses to $26 billion by 2030, he said.

Modi and Jassy spoke about supporting Indian startups, creating jobs, enabling exports, digitization, and empowering individuals and small businesses to compete globally, an Amazon blog post said.

This announcement follows Amazon’s cloud computing unit Amazon Web Services (AWS) saying last month it will invest 1.06 trillion rupees ($12.9 billion) in the country by the end of 2030.

Separately, Google will open a global fintech operation center in GIFT City in India’s western state of Gujarat, CEO Sundar Pichai told reporters in a video shared on Twitter by Reuters partner ANI company.

“We shared Google is investing $10 billion in the India digitization fund, and we are continuing to invest through that,” Pichai said.

Big Tech CEOs meet with Biden and Indian PM Modi

Google did not immediately respond to a Reuters request for comment on further details of the new center, outside of business hours.

On the final day of his Washington trip, 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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