Amazon will invest $3 billion in India, its CEO Jeff Bezos said at an event in Washington DC attended by Indian Prime Minister Narendra Modi. Reuters said that would bring Amazon’s committed investment in India to over $5 billion.
However, it’s not all about ecommerce. Bezos revealed Amazon’s plans to open a Web Services Cloud Region in India this year and said its largest software engineering and development center outside of the US would be located in Hyderabad, Inida, promising jobs for thousands of people.
Bezos also revealed that Amazon had built 21 fulfillment centers in India with over 5 million cubic feet of storage space, Reuters reported. “He said its link-up with India Post enabled it to reach all serviceable postal codes in the country.”
Amazon’s not alone in investing in India. US-India Business Council Chairperson John Chambers said members of the council had already invested $28 billion in India since September 2014, with another $45 billion in the pipeline, according to India’s Economic Times.