Amazon plans to invest additional USD 15 bn in India: CEO Andy Jassy
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Washington: A top official of the e-commerce behemoth Amazon has announced plans to invest an additional USD 15 billion in India, bringing its total investment in the nation to USD 26 billion.
The corporation has already invested USD 11 billion in India, according to Amazon CEO Andy Jassy, who met with Prime Minister Narendra Modi in the US.
“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 USD 11 billion to date and intend to invest another USD 15 billion, which will bring the total to USD 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 the prime minister 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.
Modi welcomed Amazon’s initiative of promoting the digitisation of MSMEs in India.
With PTI inputs