Some of the world’s largest tech companies – the American Google and Amazon – have announced their readiness to sharply increase investment in the Indian domestic market. We are talking about possible investments of 10 billion dollars and 15 billion dollars, respectively. informs local news agency Press Trust of India (PTI).
The management of the internet giant will invest in the Google Digitization Fund for India, which will be launched in 2020. The article states that these investments will help develop the fintech sector of the local economy and will also be a boost for representatives of small and large businesses in the Asian country.
“I was honored to meet Prime Minister Modi during his historic visit to the USA. Google Inc. “We shared with the Prime Minister that Google has invested $10 billion in the India Digitization Fund,” its CEO said. Sundar Pichai.
In turn, the head of Amazon Andrew Jesse said that the company has already invested $ 11 billion in the Indian market, according to this indicator, the American company is one of the leaders and plans to increase its investment volume in the future.
“Amazon is one of the largest investors in India. We have invested 11 billion dollars to date and we plan to invest another 15 billion dollars.”
June 22 US President Joe Biden judicial Constructive talks with Indian Prime Minister Narendra Modi. In the background of an Indian delegation’s visit to Washington, companies from the Asian country announced that they have invested $2 billion in the development of the American domestic market.