Amazon commits to $20 billion India investment

Amazon.com Inc will invest an additional US$15 billion (S$20 billion) in India, the company's Chief Executive Andy Jassy told Prime Minister Narendra Modi in his meeting on Friday (June 23).

The investment will take the e-commerce giant's total India investment across all businesses to US$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 (S$17 billion) in the country by the end of 2030.

Separately, Google will open a global fintech operation centre 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 US$10 billion in the India digitization fund, and we are continuing to invest through that," Pichai said.

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

On the final day of his Washington trip, Modi met with US 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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