2023-06-24 09:31:48
Amazon.com CEO Andy Jassy told Indian Prime Minister Narendra Modi during their meeting Friday that the company will invest an additional $15 billion in India.
He added that the investment will raise the total value of the e-commerce giant’s investments in all sectors in India to $26 billion by 2030.
According to an Amazon blog post, Modi and Jassi talked regarding supporting Indian start-ups, creating jobs, facilitating exports and digital transformation, and enabling individuals and small businesses to compete globally.
Modi arrives in Washington, and defense and technological files top the visit
The announcement comes on the heels of Amazon Web Services’ cloud computing unit announcing last month that it would invest 1.06 trillion rupees ($12.9 billion) in India by the end of 2030.
The visit of the Indian Prime Minister, Narendra Modi, came with the signing of several economic agreements, which ushered in a new era in relations between Washington and New Delhi.
The United States and India have agreed to end six disputes between them in the World Trade Organization, according to what Washington announced following a meeting between the US President and the Indian Prime Minister.
The US Trade Representative’s office said in a statement that India had also agreed to “cancel retaliatory tariffs” on some US products such as chickpeas, lentils and almonds.
The two countries also reached agreements on fighter jet engines, investment in semiconductors and space cooperation.
A new era in Indian-American relations
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