- Friday, February 28, 2025
While Amazon has promised to invest an additional $15 billion in India over a period of seven years, Google said it will set up its first global fintech operation centre in Gujarat.
By: Shubham Ghosh
THREE American giants have expressed commitment to making major investments in India following prime minister Narendra Modi’s just-concluded state visit to the US.
According to an NDTV report, Amazon, Google and Microsoft have announced capital investments and technological cooperation for Indian technology’s growth.
While Amazon has promised to invest an additional $15 billion (£11.7 billion) in India over a period of seven years, taking its total investment in the South Asian nation across all businesses to $26 billion (£20.4 billion), Google said it will set up its first global fintech operation centre in the western state of Gujarat.
This big investment commitment by @amazonIN is to invest $26 billion by 2030 and create 20 Lakh jobs in India – is consistent wth PM @narendramodi ji’s vision of a Digital and Self-Reliant India n will help further deepen the #AI(America-India) tech partnership#ModiInUSA… https://t.co/HUJlI88k1K
— Rajeev Chandrasekhar ?? (@Rajeev_GoI) June 24, 2023
Microsoft’s Indian-born chairman and chief executive Satya Nadella discussed with Modi the power of technology, particularly artificial intelligence (AI), to help Indians lead better lives.
“India is home to one of the most vibrant developer and start-up ecosystems in the world, and Microsoft remains deeply committed to the growth of Indian technology – that will impact both India and markets across the globe,” a Microsoft statement said after the high-profile meeting.
In May, Microsoft launched ‘Juganbandi’, a new generation AI-driven chatbot on mobile phones for government assistance, in India.
Google CEO Sundar Puchai said that shared with Modi that his company is investing $10 billion (£7.8 billion) in India’s digitisation fund.
“We are announcing the opening of our global fintech operation centre in GIFT City, Gujarat,” Asian News International quoted Pichai, who is also born in India, as saying.
Amazon issued statement in which it said its CEO Andy Jassy spoke with the Indian prime minister about backing the South Asian nation’s startups, generating employment, facilitating exports, digitisation and equipping individuals and small businesses to compete globally.
“Amazon has pledged to digitise 10 million small businesses, enable $20 billion in exports, and create 2 million jobs in India by 2025. Currently, Amazon India is on track to deliver on them, having already digitised over 6.2 million small businesses, enabled over $7 billion in exports, and created over 1.3 million direct and indirect jobs,” the company’s statement said.
Modi met industry captains from various fields, including semiconductors, manufacturing, space, and start-ups, at the “Hi-Tech Handshake” mega event at the White House in Washington DC on the final day of his eventful maiden state visit to the US.
“In his remarks, prime minister underlined the immense potential of harnessing India-US tech cooperation for socio-economic growth. He also applauded the contribution of India’s talented youth in fostering a culture of innovation. President Biden called on CEOs to help expand India-US tech partnership to new fields including biotechnology and quantum,” a government release on the event said.
Among other prominent business leaders present at the meeting were Apple’s Tim Cook, Flex’s Revathi Advaithi and OpenAI’s Sam Altman, among others.
