Amazon, Google strengthen investments in India for e-com, cloud services, and digital transformation
26 June 2023, Mumbai
Amazon plans to increase its investments in India to $26 billion by 2030.
This includes an additional $6.5 billion in new planned investments, focusing on boosting the company's e-commerce business, competing against Flipkart and Reliance Retail.
Growing Tech Landscape
The announcement follows the commitment made by Amazon Web Services (AWS) last month to invest $12.9 billion in India's cloud computing sector by 2030.
Google Joins the Digitization Efforts
In a similar vein, Google revealed its plans to establish a global fintech operation center in Gujarat's GIFT City, investing $10 billion in India's digitization fund. These developments highlight India's growing importance in the global tech industry.
