Amazon to Invest $15 Billion in India by 2030
27 Jun 2023
2 Min Read
CW Team
Amazon is increasing its investment in India by committing an additional $15 billion over the next seven years. This brings Amazon's total investment in India across all companies to $26 billion.
The statement came while Amazon CEO Andy Jassy was in the United States meeting with Indian Prime Minister Narendra Modi.
In a tweet, Jassy said, 鈥淒iscussed Amazon鈥檚 commitment to invest $26B in India by 2030; working together we will support startups, create jobs, enable exports, and empower individuals and small businesses to compete globally.鈥�
Amazon has committed to digitise 10 million small businesses, enabling $20 billion in exports, and generate 2 million employment in India by 2025, according to an Amazon.in blog post. Amazon India has already digitized over 6.2 million small companies, facilitated over $7 billion in exports, and created over 1.3 million direct and indirect jobs.
The company recently celebrated its tenth anniversary in India. 鈥淚t鈥檚 been an incredible journey of making an Amazon in India, for India. We are truly just getting started. With a young and vibrant population, rising income levels, and increasing penetration of the internet and social media, the future is exciting,鈥� said Manish Tiwary, VP and country manager, Consumer Business, Amazon India in a company blog post as the company celebrated a decade here.
See also:
Amazon Web Services to invest $12.7 billion in India by 2030
Amazon Data Services buys Kalpataru's 54-acre plot for Rs 18.7 billion
Amazon is increasing its investment in India by committing an additional $15 billion over the next seven years. This brings Amazon's total investment in India across all companies to $26 billion.
The statement came while Amazon CEO Andy Jassy was in the United States meeting with Indian Prime Minister Narendra Modi.
In a tweet, Jassy said, 鈥淒iscussed Amazon鈥檚 commitment to invest $26B in India by 2030; working together we will support startups, create jobs, enable exports, and empower individuals and small businesses to compete globally.鈥�
Amazon has committed to digitise 10 million small businesses, enabling $20 billion in exports, and generate 2 million employment in India by 2025, according to an Amazon.in blog post. Amazon India has already digitized over 6.2 million small companies, facilitated over $7 billion in exports, and created over 1.3 million direct and indirect jobs.
The company recently celebrated its tenth anniversary in India. 鈥淚t鈥檚 been an incredible journey of making an Amazon in India, for India. We are truly just getting started. With a young and vibrant population, rising income levels, and increasing penetration of the internet and social media, the future is exciting,鈥� said Manish Tiwary, VP and country manager, Consumer Business, Amazon India in a company blog post as the company celebrated a decade here.
See also: Amazon Web Services to invest $12.7 billion in India by 2030 Amazon Data Services buys Kalpataru's 54-acre plot for Rs 18.7 billion
Next Story
RentenPe and Mygate Partner to Transform Rent Payments in India
Through a strategic partnership, RentenPe and Mygate aim to streamline rent payments and promote financial inclusion by enabling rent-based credit scores for Indian renters. RentenPe, India鈥檚 first Rent Credit Score鈩� platform and a pioneer in rental fintech innovation, has entered a significant alliance with Mygate, the leading community management app in the country. This partnership will transform rent transactions for millions of Indian households by embedding RentenPe鈥檚 payment and rent credit scoring technology directly within the Mygate app. With this integration, all ren..
Next Story
Supreme Unveils New Brand Identity to Elevate Lifestyle
Supreme, a respected name in Indian real estate with a four-decade legacy, has announced a complete rebranding. The move includes the launch of a new logo and a revamped website, both reflecting the group鈥檚 refreshed vision to 鈥楨levate Lifestyle鈥�. This brand transformation represents more than a visual refresh鈥攊t marks a strategic shift in the company鈥檚 mission, visual identity and market positioning. The update will be visible across all of Supreme鈥檚 digital, social and offline communication platforms. At the core of the initiative is a renewed focus on purposeful design..
Next Story
Capri Loans Launches #TarrakiKeHaath Campaign Honouring India鈥檚 Everyday Heroes
Capri Global Capital Ltd (Capri Loans), a leading non-banking financial company, has unveiled its latest brand campaign, #TarrakiKeHaath, a powerful tribute to the everyday hands that build India 鈥� from kirana store owners and taxi drivers to dhaba workers, tailors, and carpenters. Narrated by Capri Loans鈥� long-standing brand ambassador and acclaimed actor Pankaj Tripathi, the campaign celebrates the dignity, resilience, and aspirations of self-employed individuals and small business owners who form the backbone of Bharat鈥檚 economy. Conceptualized by Rediffusion Brand Solutions, the..
