Amazon is investing $15 billion in India over 7 years

2023-06-24 22:01:27

Amazon has announced that it will invest $15 billion in India over the next seven years, according to the company’s website, following a meeting between CEO Andy Jassy and India’s Prime Minister Narendra Modi.

“The plan will raise Amazon’s total investment in India to $26 billion,” Bloomberg News said yesterday.

The meeting, held in Washington, included discussions on supporting Indian start-ups, creating jobs and enabling exports.

And the American company, “Amazon”, the giant online shopping, announced at the beginning of this year the provision of air freight services in India to expand in Asia, despite the stagnation of global sales via the Internet, following its boom during the Corona pandemic period.

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Alexandra Hartman Editor-in-Chief

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