Big announcement by Amazon, company will invest Rs 4 lakh crore in India

Meeting of Prime Minister Narendra Modi and Amazon CEO Andy Jassy

A big news has come out promoting investment and employment in India. E-commerce company Amazon has announced a record investment of $ 48 billion (about Rs 4 lakh crore) in India. Prime Minister Narendra Modi welcomed this decision of Amazon on Thursday. This announcement was made a few hours after the meeting between Amazon CEO Andy Jassy and Prime Minister Modi.

Prime Minister Modi wrote on social media platform X that he had a very good meeting with Andy Jassy. He said that Amazon’s investment of $48 billion will create new opportunities for the youth of India. It also shows that big companies from all over the world are continuously excited to invest in India.

Focus will be on AI and cloud infrastructure

On the other hand, Amazon CEO Andy Jassy also described his meeting as very positive. He said that Amazon has been serving customers, sellers, developers, startups and big companies in India for the last decade. Now the company is preparing to expand its business in India more rapidly.

Andy Jassy said that Amazon will invest $48 billion in India in the next five years. Of this amount, more than $21 billion will be invested in the development of Artificial Intelligence (AI) and cloud infrastructure. This will promote digital technologies in India and create new technology based jobs.

Amazon has also claimed that by the year 2030 it will support approximately 38 lakh jobs in India. Apart from this, the company is aiming to promote e-commerce exports from India worth $80 billion. This will provide an opportunity to Indian small businessmen and manufacturers to reach the global market.

Mahendra Bhargava

Mahendra Bhargava

Mahendra Bhargava is an experienced business and automobile journalist, actively working in the digital media industry since 2018. Mahendra is currently associated with TV9 Bharatvarsh, where he is working on the latest updates, reviews, exclusive stories and in-depth analysis related to business and automobile. With 5+ years of experience in the automobile and business segments, Mahendra has worked in many reputed media organizations. Mahendra started as a reporter with Navdunia (Dainik Jagran Group) newspaper. He further worked in various roles in digital content creation in ETV Bharat, Dainik Bhaskar, News18 and Zee News.

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