New Delhi: Amazon's CEO, Andy Jassy, declared on Friday that the company will infuse an additional $15 billion into India over the next five years. The investment aims to expand Amazon's existing ventures in the country, including its e-commerce marketplace, cloud computing services, and logistics network.

During a meeting with Indian Prime Minister Narendra Modi, Jassy emphasized the significance of Amazon's investment in India and its potential to stimulate job creation and fuel economic growth.

Jassy stated, "India is one of the most crucial growth markets for Amazon. We are committed to long-term investments in India, contributing to the development of a digital economy that benefits all."

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The pledged $15 billion marks a substantial increase from Amazon's previous investments in India, which have already surpassed $6.5 billion since 2004.

The investment is anticipated to generate numerous employment opportunities. Amazon plans to leverage the funds to expand its cloud computing services, particularly Amazon Web Services (AWS), which is the leading global cloud computing platform already utilized by millions of businesses in India.

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Furthermore, the investment is poised to spur economic growth within India. It is projected that the country's e-commerce market will reach $200 billion by 2026, and Amazon is well-positioned to secure a significant share of this growth.

"India is one of the most important growth markets for Amazon," emphasized Andy Jassy, CEO of Amazon. "We are committed to investing in India for the long term and helping to create a digital economy that benefits everyone."

"Amazon's investment in India is a vote of confidence in our country's economic potential," stated Indian Prime Minister Narendra Modi. "This investment will create jobs, boost economic growth, and help to make India a global hub for innovation."

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Amazon's substantial investment in India will undoubtedly contribute to the country's economic prosperity. By creating thousands of new jobs and fostering economic growth, Amazon's commitment reflects its recognition of India as a key market. Additionally, the expansion of Amazon's cloud computing services will empower Indian businesses to thrive and compete on a global scale.

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This investment not only bolsters India's economy but also reaffirms Amazon's dedication to the Indian market. With over a decade of consistent investments, Amazon's latest pledge signifies its unwavering confidence in India's economic potential and its belief that the country offers fertile ground for conducting successful business operations.