{"id":3187,"date":"2023-06-24T10:55:38","date_gmt":"2023-06-24T05:25:38","guid":{"rendered":"https:\/\/bscrackers.com\/?p=3187"},"modified":"2023-06-24T10:55:38","modified_gmt":"2023-06-24T05:25:38","slug":"amazon-to-invest-additional-15-billion-in-india-says-ceo-andy-jassy","status":"publish","type":"post","link":"https:\/\/bscrackers.com\/?p=3187","title":{"rendered":"Amazon to Invest Additional $15 Billion in India, Says CEO Andy Jassy"},"content":{"rendered":"<p> [ad_1]<br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/i.gadgets360cdn.com\/large\/amazon_logo_unsplash_1646893271251.jpg\" \/><\/p>\n<div>\n<p><a href=\"https:\/\/www.gadgets360.com\/tags\/Amazon\" target=\"_blank\" rel=\"noopener\">Amazon.com<\/a> will invest an additional $15 billion (roughly Rs. 12,297 crore) in India, the company&#8217;s Chief Executive Andy Jassy told Prime Minister Narendra Modi in his meeting on Friday.<\/p>\n<p>The investment will take the e-commerce giant&#8217;s total India investment across all businesses to $26 billion (roughly Rs. 21,314 crore) by 2030, he said.<\/p>\n<p>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.<\/p>\n<p>This announcement follows Amazon&#8217;s cloud computing unit <a href=\"https:\/\/www.gadgets360.com\/tags\/aws\" target=\"_blank\" rel=\"noopener\">Amazon Web Services<\/a> (AWS) saying last month it will invest 1.06 trillion rupees ($12.9 billion) in the country by the end of 2030.<\/p>\n<p>Separately, <a href=\"https:\/\/www.gadgets360.com\/Google\" target=\"_blank\" rel=\"noopener\">Google<\/a> will open a global fintech operation center in GIFT City in India&#8217;s western state of Gujarat, CEO Sundar Pichai told reporters in a video shared on <a href=\"https:\/\/www.gadgets360.com\/tags\/twitter\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> by Reuters partner ANI company.<\/p>\n<p>&#8220;We shared Google is investing $10 billion (roughly Rs. 81,980 crore) in the India digitization fund, and we are continuing to invest through that,&#8221; Pichai said.<\/p>\n<p>Google did not immediately respond to a Reuters request for comment on further details of the new center, outside of business hours.<\/p>\n<p>On the final day of his Washington trip, Modi met with US and Indian technology executives, including <a href=\"https:\/\/www.gadgets360.com\/apple\" target=\"_blank\" rel=\"noopener\">Apple&#8217;s<\/a> Tim Cook, Google&#8217;s Pichai, and Microsoft&#8217;s Satya Nadella, and appealed to global companies to &#8220;Make in India&#8221;.<\/p>\n<p>Recently, Amazon also made an <a href=\"https:\/\/www.gadgets360.com\/apps\/news\/amazon-pay-wallet-allows-customers-india-exchange-rs-2000-note-rbi-4140649\" target=\"_blank\" rel=\"noopener\">announcement<\/a> making it easy for Indian customers to exchange their Rs. 2,000 notes through top up on their Amazon Pay balances during cash-on-delivery orders. Customers can deposit cash of up to Rs. 50,000 per month, including notes of Rs. 2,000 denomination, Amazon said.<\/p>\n<p><em>\u00a9 Thomson Reuters 2023\u00a0<\/em><\/p>\n<hr\/>\n<p><i>(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)<\/i><\/p>\n<div class=\"downloadtxt\"><i>Affiliate links may be automatically generated &#8211; see our <a href=\"https:\/\/www.gadgets360.com\/ethics\" target=\"_blank\" rel=\"noopener\">ethics statement<\/a> for details.<\/i><\/div>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.gadgets360.com\/internet\/news\/amazon-invest-additional-usd-15-billion-india-says-ceo-andy-jassy-pm-modi-4148713\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Amazon.com will invest an additional $15 billion (roughly Rs. 12,297 crore) in India, the company&#8217;s Chief Executive Andy Jassy told Prime Minister Narendra Modi in his meeting on Friday. The investment will take the e-commerce giant&#8217;s total India investment across all businesses to $26 billion (roughly Rs. 21,314 crore) by 2030, he said. Modi &#8230; <a title=\"Amazon to Invest Additional $15 Billion in India, Says CEO Andy Jassy\" class=\"read-more\" href=\"https:\/\/bscrackers.com\/?p=3187\" aria-label=\"Read more about Amazon to Invest Additional $15 Billion in India, Says CEO Andy Jassy\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":3188,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[107],"tags":[],"class_list":["post-3187","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech"],"_links":{"self":[{"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/posts\/3187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3187"}],"version-history":[{"count":0,"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/posts\/3187\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/media\/3188"}],"wp:attachment":[{"href":"https:\/\/bscrackers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}