Tech giant, Amazon said on Friday that it would increase its investments in India to $26 billion by 2030.
This announcement came after the CEO Andy Jassy met with Prime Minister Narendra Modi in the United States, this statement included $6.5 billion in new planned investments.
Jassy did not provide a breakdown, but the statement comes after Amazon Web Services, the company’s cloud computing division, said last month that it will invest 1.06 trillion rupees ($12.9 billion) in the nation by the year 2030.
With Walmart’s Flipkart and Mukesh Ambani’s billionaire-owned Reliance Retail as competitors in the e-commerce space, Amazon had earlier announced a $6.5 billion investment plan.
The new commitment for investments now totals almost $6.5 billion more.
The e-commerce behemoth’s declared investment during Modi’s visit joins those from other businesses, such as American memory chip manufacturer Micron Technology and semiconductor toolmaker Applied Materials, which have already made promises.
According to a blog post on the Amazon website, Modi and Jassy discussed empowering people and small businesses to compete globally, enabling exports, boosting Indian entrepreneurs, and creating jobs.