Amazon plans to invest $15 billion in India over the next seven to 2030 years, according to the company’s website, following a meeting between Andy Jassy, the company’s CEO, and Narendra Modi, Prime Minister of India.
According to media outlets, the plan will raise Amazon’s total investment in India to $26 billion. The meeting, held in Washington, included discussions on supporting Indian start-ups, job creation and export empowerment.
US online shopping giant Amazon announced early this year that it was offering air cargo services in India, expanding into Asia, even as global online sales stagnated, following a boom in the coronavirus pandemic.
In context, the U.S. Federal Trade Authority filed a lawsuit on Wednesday against e-commerce giant Amazon DotCom, accusing customers of deceiving and enticing them to subscribe to Prime’s premium service, and then deliberately placing obstacles to opt-out.
The United States Consumer Protection Authority sued the Federal Court of Washington State on the grounds that Amazon tricked users into subscribing to the $139-a-year Prime Service, taking advantage of, inter alia, free fast delivery of purchases, live streaming and listening to up to 100 million songs.
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