Amazon will invest $3 billion in India


Washington: E commerce company Amazon CEO Jeff Bezos said that Amazon will invest an additional $3 billion in India, boosting its committed investment in India to over $5 billion. Jeff told in an event attended by Indian Prime Minister Narendra Modi that India was Amazon fastest growing region.

He said Amazon would open a Web Services Cloud Region in India this year and the country would soon become home to the firm's largest software engineering and development centre outside of the United States, located in Hyderabad.

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

He said the Hyderabad centre 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.