Infrastructure, Tech In Focus: Amazon To Invest $233 Million In India (Image: Yender Gonzalez/Unsplash)
Mumbai: In a statement released on Thursday, Amazon announced it would invest more than 20 billion rupees ($233 million) in India this year to expand and update the company’s operations infrastructure, develop new technology for its fulfillment network and improve delivery safety.
The investments leverages on Amazon’s previous investments in establishing an operations network to deliver to all serviceable pin-codes in the country, it added.
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The e-commerce giant in June 2023 said that it will take its investments in the country to $26 billion by 2030, without giving specific details. The new investment will be focused on the introduction of new sites and the upgrading of existing facilities across its fulfillment and delivery network, improving speed and processing capacity, the company added.
Besides, through technology, Amazon intends for real-time alerts on unsafe speeds for delivery associates, alongside ensuring fair distribution of delivery routes.
The online retailer added that some of the funds will also be used to expand initiatives to improve the health and financial well-being of its employees.
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In March, Ministry of Electronics and Information Technology (MeitY) said that Amazon Web Services (AWS), Amazon’s cloud services provider is planning to invest approximately $8.2 billion in Maharashtra over the coming years.
Following this, IT Minister Ashwini Vaishnaw emphasised that the cloud investment will create substantial employment opportunities. ‘Along with the investment, there will be significant growth in employment,’ the Minister said.
