Amazon will begin manufacturing Amazon devices in India later this year.
Amazon will commence manufacturing efforts in Chennai, India this year with contract manufacturer and Foxconn subsidiary Cloud Network Technology, the e-commerce giant announced yesterday.
“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,” said Shri. Ravi Shankar Prasad, India’s Minister of Electronics and Information Technology.
“This will further our mission of creating a Atmanirbhar Bharat which is digitally empowered,” the Minister added.
The move heralds Amazon’s commitment to the Government of India’s Atmanirbhar Bhara – a campaign to bolster the domestic economy with India-made products.
Commenting on the company milestone, Global SVP and Country Leader for Amazon India Amit Agarwal said: “Amazon is committed to partner with the Indian government to advance the vision of an Aatmanirbhar Bharat.
“We have pledged to invest US $1 billion to digitize 10 million small and medium businesses, help Indian businesses sell worldwide thereby enabling US $10B in cumulative exports, and create an additional 1MM jobs by 2025.”
Amazon revealed that the device manufacturing program, which will begin later this year, will produce thousands of Fire TV Stick devices annually to serve customers in India.
Amazon will also evaluate scaling capacity to additional marketplaces depending on domestic demand.