Amazon has committed to investing an additional $15 billion in India over the next 7 years. This will take the company's total India investment across all businesses to $26 billion, Amazon CEO Andy Jassy told Indian Prime Minister Narendra Modi.
Jassy met Modi during his first state visit to the US in Washington DC on Friday. The two leaders spoke about supporting Indian startups, creating jobs, enabling exports, digitisation, and empowering individuals and small businesses to compete globally.
Productive meeting with Prime Minister @NarendraModi. Discussed Amazon’s 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. pic.twitter.com/yEgy0TVqpK— Andy Jassy (@ajassy) June 23, 2023
Digitising Indian businesses, creating jobs
Amazon has pledged to digitise 10 million small businesses, enable $20 billion in exports, and create 2 million jobs in India by 2025.
This big investment commitment by @amazonIN is to invest $26 billion by 2030 and create 20 Lakh jobs in India - is consistent wth PM @narendramodi ji’s vision of a Digital and Self-Reliant India n will help further deepen the #AI(America-India) tech partnership#ModiInUSA… https://t.co/HUJlI88k1K— Rajeev Chandrasekhar 🇮🇳 (@Rajeev_GoI) June 24, 2023
Currently, Amazon India is on track to deliver on them, having already digitised over 6.2 million small businesses, enabled over $7 billion in exports, and created over 1.3 million direct and indirect jobs.
10 years of innovating for India
Amazon.in recently completed 10 years in India—a journey that started with just 100 sellers, an ingenious team, and a vision to transform how India buys and sells online. Today, Amazon empowers more than 12 lakh Indian businesses to sell crores of products online and delivers to customers in every serviceable pin code across the country.