Google, Amazon to invest $15 billion in India after meeting PM Modi

During his state visit to the US, PM Modi also met several CEOs including Microsoft CEO Satya Nadella, Apple CEO Tim Cook, OpenAI CEO Sam Altman.

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Amazon and Google have announced major investments in India after their CEOs met Prime Minister Narendra Modi during his visit to the United States.

Amazon CEO Andy Jassy announced on Twitter that the e-commerce giant will invest a total of $26 billion in India by 2030. “Productive meeting with Prime Minister @narendramodi. Amazon’s commitment to invest $26B in India by 2030 discussed; Working together we will support startups, create jobs, enable exports and empower individuals and small businesses to compete globally”, Jassi tweeted.

Productive meeting with Prime Minister @NarendraModi, 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. pic.twitter.com/yEgy0TVqpK

— Andy Jassy (@ajassy) June 23, 2023

The $26 billion investment includes a previously announced plan to invest $12 billion in cloud infrastructure in India by 2030. The company said in a statement that this investment will support an estimated average of 1,31,700 jobs in the Indian business every year.

These positions, including construction, facility maintenance, engineering, telecom and other jobs, are part of the data center supply chain in India. Apart from Amazon, search engine giant Google will set up its global fintech operations center at GIFT City in PM Modi’s home state Gujarat.

“It was an honor to meet PM Modi during his historic visit to the US. We shared with the Prime Minister that Google is investing $10 billion in the Digitization Fund of India. We are announcing the opening of our Global Fintech Operations Center in GIFT City, Gujarat. The Prime Minister’s vision for Digital India was ahead of its time, I now see it as a blueprint that other countries are looking to follow, Pichai said after meeting the Prime Minister.

“Prime Minister Narendra Modi interacted with Sundar Pichai, CEO of Alphabet Inc and Google. They discussed measures such as promotion of artificial intelligence, fintech and R&D”, the Prime Minister’s Office tweeted.