NEW DELHI -UNS: Amazon and Google are the latest companies to announce massive investment plans in India amid US President Joe Biden’s efforts to “send a message to China” by cementing India’s position as a close ally.
Amazon said on Friday it will take its investments in India to $26 billion by 2030, adding $6.5bn in new planned investments in an announcement made after CEO Andy Jassy met Prime Minister Narendra Modi in the United States.
Though Jassy gave no breakdown, the announcement follows Amazon’s cloud computing unit Amazon Web Services saying last month it will invest INR1.06tr in the country by the end of 2030.
The e-commerce giant’s announced investment during Modi’s trip adds to other companies, including US semiconductor toolmaker Applied Materials and memory chip firm Micron Technology, which have made commitments during the Indian premier’s state visit.
Separately, Google will open a global fintech operation centre at GIFT City in India’s western state of Gujarat, with teams working on operations supporting its payment service GPay, and other product operations at Google, the company said in a statement.
“We shared Google is investing $10 billion in the India digitisation fund, and we are continuing to invest through that,” CEO Sundar Pichai told reporters in a video shared on Twitter by Reuters partner ANI company.
