Amazon said that it will set-up its first India manufacturing line in Chennai and also evaluate its scaling capacity to other cities.
Amazon announced on Tuesday that it will be launching its first manufacturing line in India later this year.
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 further 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.
Amazon said that setting up manufacturing in India reiterates.
Its commitment to the government’s ‘Make in India’ and ‘Aatmanirbhar Bharat’ initiatives.
The announcement was made following a meeting between Amit Agarwal, Senior Vice President, Amazon India.
And Ravi Shankar Prasad, Union Minister of Information and Technology.
“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,” said Prasad.
“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.”