Top Story

e4m_logo.png

Home >> Digital >> Article

Amazon to invest additional $3 billion in India

11-June-2016
Font Size   16
Share
Amazon to invest additional $3 billion in India

Amazon Chief Executive Jeff Bezos has pledged that the online retail giant will invest an additional $3 billion in India, boosting its total investment in the country to over $5 billion.

Bezos announced the investment at the annual US India Business Council (USIBC) in Washington attended by Indian Prime Minister Narendra Modi.

“We have already created some 45,000 jobs in India and continue to see huge potential in the Indian economy,” said Jeff Bezos, Founder and CEO of Amazon.com.

“Our Amazon.in team is surpassing even our most ambitious planned milestones, and I’m pleased to announce today that we’ll invest an additional US $3 billion on top of the US $2 billion that we announced in 2014, bringing our total investment in India to over US $5 billion.”

Prime Minister Narendra Modi, who was on a five-nation tour, addressed the USIBC’s 41st Annual Leadership Summit. Modi met CEOs from both the United States and India to get an update on the progress in the bilateral commercial relations at the CEO Roundtable.

Aparna Bhosle, Business Cluster Head - Premium & FTA GEC channels - ‎ZEEL, on its new property, sponsors, investment on acquisition and response to BBC First

In an interview with exchange4media, Ferzad Palia says that most successful brands are not those who spend the most money

As Milind Pathak takes over as Managing Director - Southeast Asia, Httpool, we chat with him on his new role, aspirations and his plans to aggressively penetrate the operations of the group in the Southeast Asian market

The group released the Little Hearts online-only campaign, #BreakSomeHearts, early this year and is on the path to make many more of its brands available on the digital platform

As Milind Pathak takes over as Managing Director - Southeast Asia, Httpool, we chat with him on his new role, aspirations and his plans to aggressively penetrate the operations of the group in the Sou...

The group released the Little Hearts online-only campaign, #BreakSomeHearts, early this year and is on the path to make many more of its brands available on the digital platform

Aroon Purie, the India Today Group Chairman and Editor-in-Chief today appointed his daughter Kallie Purie as the Vice Chairperson of the group