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Amazon to Invest 15 Bln USD More in India

E-commerce giant Amazon Saturday announced it plans to invest an additional 15 billion U.S. dollars in India, taking its total investment in the country to 26 billion dollars.

The announcement was made by Amazon CEO Andy Jassy, who met Indian Prime Minister Narendra Modi in Washington on Friday.

Indian Prime Minister’s Office Saturday said Modi and Jassy held discussions on the area of e-commerce and also discussed the potential of further collaboration with Amazon in the logistics sector in India.

“Prime Minister welcomed Amazon’s initiative of promoting digitization of Micro, Small and Medium Enterprises (MSMEs) in India,” the PMO in a statement said.