Amazon to increase India investment to $5 billion

Amazon Inc Chief Executive Jeff Bezos said the company would invest an additional $3 billion in India, boosting its committed investment in the country to over $5 billion. India was Amazon’s fastest growing region.

The investments are expected to help start-ups in India and accelerate the country’s role as a hub for innovation and digital entrepreneurship.

He said Amazon would open its largest software engineering and development center outside of the United States, located in Hyderabad. It would create jobs and career development opportunities for thousands of people and a “significant” number of jobs would be created over time because of the deployment of Amazon Cloud Services

Mr.Bezos said Amazon had so far built 21 fulfillment centers with more than 5 million cubic feet of storage space. He said its link-up with India Post enabled it to reach all serviceable postal codes in the country.


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