Jeff Bezos has said that the world’s biggest retailer will set up a software development centre in the Indian city of Hyderabad. India has been its fastest growing market in the world.
Jeff Bezos, Amazon, CEO has disclosed that it will invest a further $3 billion in India bustling e-commerce market, thus boosting its investment commitment to the country to over $5 billion.
In an event attended by Indian Prime Minister, Narendra Modi, Bezos told attendees that India was the company’s fastest growing region in the world.
“I can assure you it’s only the beginning and as we say in Amazon, it’s only day one,” said Bezos. He went on to add that Amazon’s investments in India could not only help start-ups in the country but also accelerate India’s role as a hub of innovation and digital entrepreneurship.
During the event, Bezos made it clear that Amazon would soon open a Web Services Cloud Region in India. Furthermore, it would also tap the country’s bubbling talent in software engineering and development by opening one such facility in the city of Hyderabad.
So far, Bezos, said Amazon has built 21 fulfilment centres having more than five million feet of storage space. He added that linking up with India Post has enabled it to reach all serviceable postal codes in the country.
Thanks to the deployment of Amazon’s Cloud Services, over time, a number of jobs will be created and its Hyderabad centre will add to this by creating thousands of job opportunities for the youth.
Incidentally, Bezos, the world’s fourth-richest man, made these comments on the day when Warren Buffett, the world’s third richest man, showered praise on him for embodying the aspirations and potential of small business owners who have built their companies from the ground up.
Categories: Entrepreneurship, HR & Organization, Strategy
manageria.biz 
Leave a comment