TIL Desk/Business/Washington-Amazon will invest an additional $3 billion in its India operations to take its investment in the country to over $5 billion, the American e-commerce giant’s founder and CEO Jeff Bezos said today. Bezos said this at an event in Washington attended by Prime Minister Narendra Modi.
“Amazon will invest $3 billion more in India. This is in addition to the $2 billion announced in 2014,” Bezos said at the annual gala of US India Business Council (USIBC). “We have already created some 45,000 jobs in India and continue to see huge potential in the Indian economy,” Bezos said.
“Our Amazon.in team is surpassing even our most ambitious planned milestones…,” Bezos said after receiving USIBC’s Global Leadership Awards. Star India, a subsidiary of 21st Century Fox, also said it will invest an additional $5 billion over the next three years.
