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Amazon, the renowned eCommerce giant, has announced to increase its investment in India with an additional USD 15 billion, thereby raising its total investment in the country to USD 26 billion. This decision comes after a fruitful meeting between Amazon’s CEO, Andy Jassy, and India’s Prime Minister, Narendra Modi, during Modi’s official visit to the United States. Confirming the meeting, the Indian External Affairs Ministry tweeted about its productivity. Jassy expressed a strong interest in generating more employment opportunities, fostering digitalization among small and medium-sized enterprises, and supporting Indian companies in expanding their global exports.

In a similar vein, Sundar Pichai, the CEO of Alphabet, had a meeting with Prime Minister Modi in Washington. During this encounter, Pichai expressed his admiration for Modi and unveiled Google’s plans to invest USD 10 billion in India’s digitalization fund. Furthermore, Google intends to establish its global fintech operation center in Gujarat’s GIFT City.

The Ministry of External Affairs, through a tweet, conveyed that Modi invited Pichai to explore additional collaborations in domains such as artificial intelligence, fintech, cybersecurity, and mobile device manufacturing in India. The discussions also revolved around partnering with Indian academic institutions to promote research and development, as well as skill enhancement.

Modi’s visit to the United States, which spanned from June 21st to June 24th, occurred at the invitation of President Joe Biden and First Lady Jill Biden. During his visit, Modi engaged with several top CEOs, including Satya Nadella from Microsoft, Tim Cook from Apple, Sam Altman from OpenAI, and Lisa Su from AMD, among others.

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