Amazon to increase investment in India to $5 billion - Dollar Advisory & Financial Services

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Wednesday, 8 June 2016

Amazon to increase investment in India to $5 billion

Amazon Chief Executive Jeff Bezos said on Tuesday that the organization would put an extra $3 billion in India, boosting its conferred interest in the nation to over $5 billion.

Bezos told an occasion in Washington went to by Prime Minister Narendra Modi — who met prior on Tuesday with US President Barack Obama — that India was Amazon's quickest developing area.

"I can guarantee you it's exclusive the starting and as we say in Amazon, it's lone the very first moment," Bezos said, including that the ventures would new companies in India and quicken the nation's part as a center point for advancement and computerized enterprise. He said Amazon would open a Web Services Cloud Region in India this year and the nation would soon get to be home to the association's biggest programming building and advancement focus outside of the United States, situated in Hyderabad.

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