Amazon Chief executive Jeff Bezos sees “huge potential” in India, the company’s fastest-growing region.
The online retailer who already has invested $2 billion into the country has increased its investment by another $3 billion.
Amazon announced its initial $2bn investment in India in 2014 and currently employs 45,000 people there.
In 2014, Amazon said India was on track to become its “fastest country ever” to achieve $1bn in gross sales.
“We have already created some 45,000 jobs and continue to see huge potential in the Indian economy,” he told the US-India Business Council’s leadership summit.
“Our Amazon.in team is surpassing even our most ambitious planned milestones.”
Disclaimer: We have no position in Amazon.com Inc. (NASDAQ: AMZN) and have not been compensated for this article.