Politics
Amazon CEO meets PM Modi, confirms $48 billion investment, AI expansion in India by 2030
Andy Jassy, chairman and CEO of Amazon, said on Thursday that the technology company aims to invest around $48 billion and develop artificial intelligence and cloud infrastructure in the country. Setting a deadline of 2030, Jassy also highlighted Prime Minister Narendra Modi’s vision for India.
“The Prime Minister’s vision over the last 12 years is nothing short of remarkable. You can see it in the development of the country and the importance of the country in almost every aspect of the world,” Jassy said.
The Amazon CEO further said that since 2010, the technology company has invested $40 billion in India and an additional investment of $35 billion was announced last year.
“We just announced today that we are going to increase this investment amount from another $35 billion to $48 billion between 2026 and 2030,” Jassy said.
“Interest in investing in India”
Welcoming the investment announcement, Prime Minister Narendra Modi said Amazon’s additional investment of $13 billion shows growing interest from the world to invest in India.
“A great meeting with Mr. Andy Jassy. I welcome Amazon’s record investment of $48 billion in India. This will create new opportunities for our youth. At the same time, it shows the growing interest from around the world to invest in India,” the Prime Minister posted on X.
“India is becoming such an important cloud and AI hub in the world, and we have such a high demand here that we continue to invest in the country on the cloud and AI side as well,” Jassy said, adding that the investment would also bring long-term jobs and economic indicators to the country.
“In line with government priorities, Amazon is committed to supporting more than 3.8 million jobs, enabling $80 billion in cumulative e-commerce exports, and bringing the benefits of AI to 15 million small businesses and 4 million public school students by 2030,” read an official statement released by Amazon.
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Sources 2/ https://www.hindustantimes.com/india-news/usd-48-billion-investment-ai-and-cloud-expansion-by-2030-amazon-ceo-andy-jassy-plans-for-india-101782377955809.html The mention sources can contact us to remove/changing this article |
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