PM Narendra Modi's US visit: Why Amazon, Google raised their India bet

While Amazon will be investing $2 billion a year for the next 7 years, Google looking to build on UPI-powered GPay for the platform's global expansion

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BS Reporters Mumbai/New Delhi
American online major Amazon seems to be almost doubling its India investment going by the company’s recent announcement during Prime Minister Narendra Modi’s state visit to the US.

From the time the Seattle-headquartered company started its India journey in 2013, its investment into the country is pegged at $11 billion or roughly $1.1 billion a year. By committing a fresh round of $15 billion by 2030, the Jeff Bezos-founded company’s investment would go up to more than $2 billion a year over the next seven years. Even when the entire investment of $26 billion is taken together for a period of 17 years (2013 to 2030), Amazon’s annual bet is estimated at over $1.5 billion.

With this, Amazon could look at stepping

First Published: Jun 25 2023 | 9:16 PM IST

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