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Bezos Says Amazon To Up India Investment To $5 Billion


Ron Burgundy
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India's Prime Minister Narendra Modi presents the Global Leadership Award to Amazon CEO Jeff Bezos at the USIBC 41st annual Leadership Summit in WashingtonAmazon Inc Chief Executive Jeff Bezos said on Tuesday the company would invest an additional $3 billion in India, boosting its committed investment in the country to over $5 billion. Bezos told an event in Washington attended by Indian Prime Minister Narendra Modi - who met earlier on Tuesday with President Barack Obama - that India was Amazon's fastest growing region. "I can assure you it’s only the beginning and as we say in Amazon, it’s only day one," Bezos said, adding that the investments would help start-ups in India and accelerate the country's role as a hub for innovation and digital entrepreneurship.




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