Amazon Intends To Invest Additional $15 Billion In India, Says CEO Andy Jassy After Meeting Prime Minister Modi

Amazon has announced its plans to invest an additional $15 billion in India in the next six years, bringing its total investment in the country to $26 billion by 2030.

Following a meeting with Prime Minister Narendra Modi in the US on Friday (23 June), Amazon CEO Andy Jassy said that the company has already invested $11 billion in India to date.

"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 the future of partnering," Jassy was quoted as saying by The Hindu.

The Amazon CEO in a tweet added, "Productive meeting with Prime Minister Narendra Modi. 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".

In a statement, the Ministry of External Affairs (MEA) said that PM Modi "held a productive meeting" with the Amazon CEO.

"Discussions focused on the area of e-commerce and the potential of further collaboration with Amazon in the logistics sector in India," the MEA said.

PM Modi welcomed Amazon's initiative of promoting digitisation of MSMEs in India, it added.