Amazon invests Rs 11400 cr in India in FY20 revealed in regulatory filingAmazon invests Rs 11400 cr in India in FY20 revealed in regulatory filingIT Minister Ravi Shankar Prasad welcomed Amazon’s decision as it “will enhance domestic production capacities, and create jobs.”

Amazon has commenced manufacturing efforts in India beginning with its TV streaming device Fire TV Stick. The devices will be contract-manufactured later this year by iPhone maker Foxconn’s subsidiary Cloud Network Technology in Chennai, the company announced on Tuesday. The Fire TV Stick production will be the “first Amazon manufacturing line in India reiterating our commitment to the Government of India’s ‘Make in India’ for an Atmanirbhar Bharat,” Amazon said. The company’s country head Amit Agarwal also briefed Electronics and IT Minister Ravi Shankar on the initiative on Monday. “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,” Prasad said in a company’s statement published on Amazon’s Day One blog.

Amazon is expecting to produce “hundreds of thousands of Fire TV Stick devices every year” under the device manufacturing programme and might scale capacity to additional marketplaces/cities based on the domestic demand. “Today, we are delighted to announce Amazon’s first manufacturing line in India to produce hundreds of thousands of Fire TV Stick devices every year catering to the demands of the Indian customers. This further reiterates our commitment to the Government of India’s ‘Make in India’ initiative,” said Agarwal.

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