Factbox: Amazon to Walmart, investors in India boost Modi ahead of vote

Wistron

18/05/2023 07:52

NEW DELHI, May 18 (Reuters) - Indian Prime Minister
Narendra Modi this week trumpeted a flurry of investment by
global companies as he tries to create more jobs ahead of a
general election due in the first half of next year.
    Amazon.com Inc's  AMZN.O  cloud computing division on
Thursday became the latest company to announce an investment in
the world's most populous country.
    Following are some recent investment announcements, mostly
by U.S. companies.
    
    AMAZON
    Amazon Web Services said it planned to invest $13 billion in
India by 2030 to build its cloud infrastructure and create
thousands of jobs.
    
    APPLE  AAPL.O 
    The U.S. tech giant launched its first company-owned store
in Mumbai last month and then another in New Delhi. It has been
trying to make India a bigger manufacturing base and has started
manufacturing several products there through contract
electronics makers Foxconn  2317.TW , Wistron Corp  3231.TW  and
Pegatron Corp  4938.TW .
    During a visit last month, CEO Tim Cook said Apple was
"committed to growing and investing across the country".
    
    FOXCONN
    The Taiwanese contract manufacturer plans to invest $500
million to set up manufacturing plants in the south Indian state
of Telangana and almost $968 million in neighbouring Karnataka.
The investments are expected to create more than 70,000 jobs,
Indian officials have said.
    The Apple supplier also plans to build a factory in India to
manufacture AirPods, Apple's wireless earphones.
    
    CISCO SYSTEMS  CSCO.O 
    The U.S. networking equipment maker will begin manufacturing
from India as it looks to diversify its global supply chain. It
has set a target of $1 billion in production and exports from
India over the next few years.
    
    WALMART  WMT.N 
    The retail giant's CEO met Modi this month and reiterated
that the company planned exports from India worth $10 billion a
year by 2027.

 (Reporting by Sakshi Dayal; Editing by Robert Birsel)
 ((Sakshi.Dayal@thomsonreuters.com;))