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.

What all you need to know

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.

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