Amazon commits fresh $13 billion to India

Global giant Amazon will invest an additional $13 billion in India, taking its planned capital commitment in the country to $48 billion between 2026 and 2030, Chief Executive Officer Andy Jassy said on Thursday after meeting Prime Minister Narendra Modi.

“A great meeting with Andy Jassy. I welcome Amazon’s record $48 billion investment in India. This will create new opportunities for our youth,” Prime Minister Modi said in a social media post. This also reflects the growing interest across the world to invest in India, he said.