Amazon announces plans to invest more than 2 trillion yen in India by 2030



Online shopping site Amazon has announced plans to invest $ 15 billion (about 2.16 trillion yen) in India by 2030. Amazon has not disclosed the details of the investment, but it has been pointed out that it may be used to expand the AWS business in India.

Amazon plans to invest another $15 billion in India, CEO Jassy says after Modi meeting | TechCrunch
https://techcrunch.com/2023/06/23/amazon-investment-india-jassy-modi/



Amazon CEO Andy Jassy said on Friday, June 23, 2023, local time, ``About Amazon's plan to invest $ 26 billion (about 3.74 trillion yen) in India by 2030, India's In consultation with Prime Minister Narendra Modi , we will work with the Government of India to support startups, create jobs, enable exports and help individuals and SMEs to compete globally,' he tweeted. . Since Amazon has invested about 11 billion dollars (about 1.58 trillion yen) in the Indian market so far, it will be calculated that it will invest another 15 billion dollars in the Indian market.




Regarding this plan, overseas media TechCrunch reports that ``most of the investment is likely to be used to expand Amazon Web Services (AWS) business in India.'' In May 2023, Amazonannounced a plan to `` invest $ 12.7 billion (about 1.82 trillion yen) in the cloud business in South Asian countries by 2030 '', which is 15 billion this time. It is believed to be part of the dollar investment.

Amazon has closed several operations in India in recent years. Nevertheless, TechCrunch points out that India remains an important overseas market. In addition to Amazon, many American companies are expanding their business in India. Walmart, known as Amazon's competitor, announced that it will invest more than $ 2.5 billion (about 360 billion yen) in India in 2023. Google also announced that it will open a global fintech operation center in Gift City, Gujarat, India.

In addition, Prime Minister Modi of India has visited the United States and is discussing business in India with many companies other than Amazon. As a result, memory chip company Micron Technology announced that it will invest up to $ 825 million (about 120 billion yen) in India's first DRAM and NAND flash memory assembly and test facility, semiconductor manufacturing equipment manufacturer Applied Materials has announced that it will invest $ 400 million (about 57 billion yen) in four years to build a new engineering center in India.

In addition, Apple is reportedly planning to move production from China to India.

Possibility that 50% of iPhone will be produced in India by 2027 - GIGAZINE



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