Amazon’s Chief Executive, Andy Jassy, has announced that the e-commerce giant will invest an additional $15 billion in India. This investment will bring Amazon’s total investment in India to $26 billion by 2030. During his meeting with Indian Prime Minister, Narendra Modi, Jassy discussed supporting Indian startups, creating jobs, enabling exports, digitization, and empowering small businesses to compete globally.
Google’s Fintech Center in India
Google CEO, Sundar Pichai, announced that Google will be opening a global fintech operation center in India’s western state of Gujarat. Pichai revealed that Google is investing $10 billion in the India digitization fund and that they will continue to invest through the fund. However, Google has not disclosed further details about the new center.
Modi’s Meeting with US and Indian Tech Executives
On the final day of his Washington trip, Prime Minister Modi met with technology executives from the US and India. These executives included Tim Cook from Apple, Sundar Pichai from Google, and Satya Nadella from Microsoft. Modi appealed to these global companies to “Make in India”.
Impact of Investments on Indian Economy
The investments made by Amazon and Google are expected to have a significant impact on the Indian economy. Amazon’s investment will create new jobs and boost digitization, while Google’s fintech center will support the growth of the country’s digital economy. These investments will also help Indian startups and small businesses to compete globally, which will further strengthen the country’s economy.
Amazon’s additional investment of $15 billion in India and Google’s plan to open a fintech center demonstrate the growing importance of India’s digital economy. These investments are expected to have a positive impact on the country’s economy, creating new jobs and boosting digitization. The meeting between Modi and technology executives from the US and India also highlights the importance of global companies investing in India and supporting the growth of its digital economy.
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