Amazon announced on Tuesday that it will be launching its very first manufacturing line in India later on this yr. The unit will be set up in Chennai, Tamil Nadu and will get started with creating “hundreds of thousands” of Amazon Fire Television Stick units each yr. The organization more explained that it will invest $one billion to digitise ten million modest and medium corporations, support corporations in India promote throughout the world enabling $ten billion in cumulative exports, and generate one million jobs by 2025. Amazon explained that setting up manufacturing in India reiterates its dedication to the government’s ‘Make in India’ and ‘Aatmanirbhar Bharat’ initiatives.
In accordance to an Amazon blog post on the initiative, the organization will start off the manufacturing operations in Chennai later on this yr in partnership with contract producer Cloud Network Technologies, a subsidiary of Foxconn. Amazon also explained that it will constantly assess the scaling capability of the manufacturing line to supplemental marketplaces and far more cities based on the domestic demand.
The announcement was created following a meeting in between Amit Agarwal, Senior Vice President, Amazon India and Ravi Shankar Prasad, Union Minister of Information and facts and Technologies.
“India is an desirable investment location and is poised to grow to be a important player in the worldwide provide chain in the electronics and IT items marketplace. Our Government’s choice to launch a Manufacturing Linked Incentive (PLI) Scheme has acquired remarkable response globally,” explained Prasad. “We welcome Amazon’s choice to set up a manufacturing line in Chennai, as it will improve domestic manufacturing capacities, and generate jobs as nicely. This will more our mission of generating an Atmanirbhar Bharat which is digitally empowered.”
Agarwal explained that Amazon was committed to partnering with the government to advance the vision of an ‘Aatmanirbhar Bharat’. “This more reiterates our dedication to the Government of India’s ‘Make in India’ initiative,” Agarwal additional.
A tweet from Amazon additional that Tamil Nadu has been an crucial companion for the organization and that its very first manufacturing line in India in Chennai will contribute straight to the regional economic system and showcase India’s skill to create globe-class items.
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