Amazon intends to invest USD 15 billion more in India, says CEO Andy Jassy after meeting PM Modi
Washington, Jun 24: E-commerce giant Amazon plans to invest USD 15 billion more in India, taking its total investment in the country to USD 26 billion, a top official of the company has said.
After meeting Prime Minister Narendra Modi in the US, Amazon CEO Andy Jassy said the company has already invested USD 11 billion in India till date.
"I had a very good and productive conversation with Prime Minister Modi. I think we share a number of goals. Amazon is one of the biggest investors in India. We have invested USD 11 billion till date and intend to invest another USD 15 billion, which will bring the total to USD 26 billion. So we are very much looking forward to future of partnering," Jassy said on Friday.
The India's External Affairs Ministry in a tweet said the prime minister held a productive meeting with the president and CEO of Amazon.
"Discussions focused on the area of e-commerce and the potential of further collaboration with @amazon in the logistics sector in India," it said.
Modi welcomed Amazon's initiative of promoting digitisation of MSMEs in India.
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Minor boy strangled to death for ransom in UP's Sultanpur
Sultanpur (PTI): A debt-ridden neighbour allegedly kidnapped and murdered an 11-year-old boy boy at Sultanpur, police said on Wednesday.
The accused, Asif alias Sonu, demanded a ransom of Rs 5,00,000 for releasing Osama alias Sahil to repay his debts, Kotwali police station SHO Naradmuni Singh said.
"The incident took place in the Gandhinagar locality of Sultanpur. The victim's father, Mohd Shakeel, said his son went missing on Monday night after he left to attend a wedding procession. Despite searches, there was no trace of the child," the SHO said.
On Wednesday morning, Osama's body with strangulation marks was found at the residence of the accused whom the police arrested, he said.
Asif, who lives in the same neighbourhood as the victim, exploited the trust built between the two families to carry out the crime, the officer said.
The killing of the minor boy has triggered outrage in the area with the residents demanding stringent punishment for the accused.
The victim's family has called for death penalty for Asif.
