Ecommerce giant Amazon plans to invest $15 billion more in India, bringing its total investment to $26 billion, a company’s top official has said.
Amazon CEO Andy Jassy stated that the company has already invested $11 billion in India after meeting 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 $11 billion till date and intend to invest another $15 billion, which will bring the total to $26 billion. So we are very much looking forward to future of partnering,” Jassy said on Friday.
According to a tweet from India’s External Affairs Ministry, the prime minister had a productive meeting with the Amazon CEO.
“Discussions focused on the area of ecommerce and the potential of further collaboration with @amazon in the logistics sector in India,” it said.
Modi welcomed Amazon for its initiative to promote the digitalization of MSMEs in India.
