Amazon said on Thursday that it will invest over 20 billion rupees ($233 million) in India by 2025 in order to upgrade and expand its operations infrastructure, create new technology for its fulfillment network, and increase delivery safety.
Amazon noted that the investment expands upon its previous expenditures in building an operational network to deliver to all serviceable pin-codes in the nation.
Without giving a breakdown, the e-commerce giant, which rivals Walmart’s Flipkart and billionaire Mukesh Ambani’s Reliance Retail in India, stated in June 2023 that it will increase its investments in the nation to $26 billion by 2030.
According to the statement, the additional investment will be utilized to expand its fulfillment and delivery network by launching new locations and upgrading current facilities, increasing processing capacity and speed.
Amazon also intends to employ technology to guarantee fair allocation of delivery routes and warn delivery colleagues about dangerous speeds.
Additionally, according to the corporation, some of the monies will be utilized to enhance projects aimed at improving the financial and health well-being of its employees.
Amazon’s cloud services business, Amazon Web Services, is expected to invest over $8.2 billion in India, according to a March announcement by the country’s information technology ministry.
Also read: Viksit Workforce for a Viksit Bharat
Do Follow: The Mainstream formerly known as CIO News LinkedIn Account | The Mainstream formerly known as CIO News Facebook | The Mainstream formerly known as CIO News Youtube | The Mainstream formerly known as CIO News Twitter |The Mainstream formerly known as CIO News Whatsapp Channel | The Mainstream formerly known as CIO News Instagram
About us:
The Mainstream formerly known as CIO News is a premier platform dedicated to delivering latest news, updates, and insights from the tech industry. With its strong foundation of intellectual property and thought leadership, the platform is well-positioned to stay ahead of the curve and lead conversations about how technology shapes our world. From its early days as CIO News to its rebranding as The Mainstream on November 28, 2024, it has been expanding its global reach, targeting key markets in the Middle East & Africa, ASEAN, the USA, and the UK. The Mainstream is a vision to put technology at the center of every conversation, inspiring professionals and organizations to embrace the future of tech.
