Major Announcements From US Tech Giants After PM Modi's 'Hi-Tech Handshake'

Amazon, Google, and Microsoft have announced capital investments and technological cooperation for the growth of Indian technology.

Three US tech giants have committed to major investments in India following Prime Minister Narendra Modi's recently-concluded state visit to the western superpower. Amazon, Google, and Microsoft have announced capital investments and technological cooperation for the growth of Indian technology.

While Amazon has committed to investing an additional $15 billion in India over the next seven years, which will take the company's total India investment across all businesses to $26 billion, Google has said it will open its global fintech operation centre in Gujarat.

Microsoft Chairman and CEO Satya Nadella in his meeting with the Prime Minister discussed the power of technology, particularly Artificial Intelligence, to help improve the lives of Indians.

"India is home to one of the most vibrant developer and start-up ecosystems in the world, and Microsoft remains deeply committed to the growth of Indian technology - that will impact both India and markets across the globe," a Microsoft statement said after the meeting.