Amazon announced on Tuesday that it will be launching its first manufacturing line in India later this year.
The development came at the time of meeting between Amit Agarwal, Senior Vice President, Amazon India and Ravi Shankar Prasad, Union Minister of Information and Technology.
It is the first Amazon manufacturing line in India and reiterates the firm’s commitment to the government’s “Make in India” for an Aatmanirbhar Bharat.
What it will produce?
The unit will be set up in Chennai, Tamil Nadu and will begin with producing “hundreds of thousands” of Amazon Fire TV Stick devices every year.
The company will start the manufacturing operations in Chennai later this year in partnership with contract manufacturer Cloud Network Technology, a subsidiary of Foxconn.
Amazon India, in a blog post, said the company is looking to make lakhs of devices in India every year and will consider scaling up manufacturing capacity based on domestic demand.
Investment
The company said that it will invest $1 billion to digitise 10 million small and medium businesses, help businesses in India sell worldwide enabling $10 billion in cumulative exports, and create 1 million jobs by 2025.
Comment from Vice President of Amazon
“We have pledged to invest $1 billion to digitise 10 million small and medium businesses and help Indian businesses sell worldwide, thereby enabling $10 billion in cumulative exports and creating an additional 1 million jobs by 2025.”
Comment from IT Minister
“India is an attractive investment destination and is poised to become a major player in the global supply chain in the electronics and IT products industry. Our Government’s decision to launch a Production Linked Incentive (PLI) Scheme has received tremendous response globally.”
“We welcome Amazon’s decision to set up a manufacturing line in Chennai, as it will enhance domestic production capacities, and create jobs as well. This will further our mission of creating an Atmanirbhar Bharat which is digitally empowered.”
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