Amazon to increase $5 billion investment in India
More investment for Indian Economy !
Amazon to invest additional $3 billion
Amazon will now invest an additional $3 billion in India for its operation so that it takes investment in the country to over $5 billion. Jeff Bezos, CEO of the American giant e-commerce company announced on Wednesday. He said this at an event here in which our Prime Minister Narendra Modi also attended. He also went further and mentioned that the company has already created around 45,000 jobs in India and wishes to see huge potential in India economy. The company will invest $3 billion more in addition to $2 billion announced in 2014.
Bezos believes that Amazon Indian team is even surpassing their other ambitious milestones plans who received U.S. India Business Council’s (USIBC) Global Leadership Awards.
Star India will also invest in next few years
Other than that Star India, which is subsidiary of 21st Century Fox also said it will invest $5 billion within the upcoming three years. Uday Shankar, Chairman and CEO of Star India believes that they have very huge potential in India since they have been one of the largest foreign investors in India as well as in the media and entertainment sector.
What does USBIC have to say?
John Chambers, Chairman of USIBC claimed that with the short span of two years, over 20 per cent of USBIC member companies have invested in Indian market which accounts to $28 billion India. Within next 2-3 years, the pace will be accelerated and once more 20 per cent USBIC member companies will invest additional $45 billion.
USBIC is positive about the numbers and believes it will increase and may be double also with the given track record of our Prime Minister Modi’s Digital India’ and key economic reforms. He mentioned that they are seeing a new phase in India’s growth story drive by Mr. Modi.
Read Related News : ‘Global Store’ Brings Amazon U.S. to Indian Shoppers
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