A top executive of e-commerce company Amazon has said that the company plans to invest an additional $15 billion in India, which will take the company’s total investment in India to $26 billion. In this matter, PMO India tweeted that the Prime Minister had a fruitful meeting with the Chairman and CEO of Amazon. The discussion focused on the possibility of increasing collaboration with Amazon in the logistics sector and e-commerce sector in India.
After meeting Prime Minister Narendra Modi (PM Modi) in the US, Amazon Chief Executive Officer (CEO) Andy Jesse said that the company has already invested 11 billion dollars in India. Had a very good and meaningful conversation with Prime Minister Modi. I think we have many goals in common. Amazon is one of the largest investors in India. We have invested $11 billion so far and we intend to invest another $15 billion. Due to which this investment will total $ 26 billion. So we are very excited about the future of the partnership.
Meanwhile, PMO India tweeted that the Prime Minister had a fruitful meeting with the Chairman and CEO of Amazon. The discussion focused on the prospects of increasing collaboration with Amazon in the logistics sector and e-commerce sector in India. Modi welcomed Amazon’s initiative to promote digitization of MSMEs in India.
E-commerce giant Amazon removed six million counterfeit goods from its supply chain globally last year. The company said in a report on Tuesday that it blocked more than 8,00,000 attempts to create new sales accounts in the past year 2022. This prevented the wrong people from selling products on this platform. In the year 2021, there were 25 lakh such attempts while in 2020 this number was 60 lakh. The report said that a combination of technology and experts prevented wrongdoers and removed six million counterfeit goods from the supply system and disposed of them.
Amazon said that Amazon’s Counterfeit Crime Unit investigated or referred for further action more than 1,300 offenders in the US, UK, EU and China in 2022. Where on one hand the company is seen agreeing to invest, on the other hand people are continuously losing their jobs from the company. Amazon has laid off 27,000 people so far. The company did this in two rounds, first laying off 18,000 and then 9,000 people.