Bezos says Amazon to invest additional US$3b in India
[WASHINGTON] Amazon Inc Chief Executive Jeff Bezos said on Tuesday the company would invest an additional US$3 billion in India, boosting the company's committed investment in the country to US$5 billion.
"I am pleased to announce today that Amazon will invest an additional US$3 billion on top of the US$2 billion investment we announced in 2014 to bring our total committed investment in India to over US$5 billion," Mr Bezos told an event in Washington attended by Indian Prime Minister Narendra Modi, who also met on Tuesday with President Barack Obama.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
France's Casino supermarket chain to axe up to 3,200 jobs
Prada outshines rivals with 16% revenue lift boosted by Miu Miu
Toymaker Hasbro posts quarterly profit beat, slower sales decline
Hilton lifts 2024 profit forecast on international travel demand
China knockoff raid jolts a global throng of fake-fashion influencers
Roche cuts pipeline after research setbacks and sales drop