For the e-commerce company Amazon, it is about investing 35 billion dollars in India over a five-year period.
The investment is expected to create one million new jobs in India and will primarily involve AI and logistics investments, according to the company. At the same time, Microsoft announced that it will invest $17.5 billion, also primarily in AI.
The investments are hardly unexpected; several global companies have announced this year that they will expand in India, the world's fifth largest economy and which is expected to have 900 million internet users by the end of the year, writes the AFP news agency.
Meanwhile, the country, led by Prime Minister Narendra Modi, is now trying to find a solution to the trade conflict with the United States when talks begin in New Delhi. India was one of the first countries to initiate trade talks with the United States after President Donald Trump announced his trade tariffs in April, but things have since fallen behind and there is still no agreement.
The background to this is that after the outbreak of the Ukraine war, India chose to buy Russian oil while large parts of the rest of the world imposed sanctions against Russia.
Trump has subsequently repeatedly demanded that India stop importing Russian oil, something that has not been confirmed by India.
