Amazon To Open Its First Manufacturing Line In India To Produce Fire TV Devices
Amazon announced its first manufacturing line in India in a partnership with Foxconn-owned cloud network technology, an India-based subsidiary of the Taiwanese electronics giant.
On 16 February 2021, Amazon announced its first manufacturing line in India in a partnership with Foxconn-owned cloud network technology, an India-based subsidiary of the Taiwanese electronics giant. The partnership is part of an effort to work with the Indian government, which has embarked on a campaign to encourage companies to invest in the Indian economy to avoid roadblocks, like high import taxes to entering and competing in the country’s competitive and fast-growing economy.
Amazon will setup its manufacturing unit in Chennai, Tamil Nadu. This setup of manufacturing unit will create lucrative jobs opportunity and enhance the economy in the Indian market. The Indian government called this as an encouragement to make in India campaign and Aatamanirbhar Bharat.
According to Amazon, the Chennai based manufacturing unit will be capable of producing hundreds to thousands units of devices every year starting with fire tv. According to Amazon they will invest up to USD 1 billion in the Indian local business.
Amazon is committed to partner with the Indian government to advance the vision of an Aatmanirbhar Bharat,” said Amit Agarwal, Amazon’s global senior vice president of Amazon India, in a statement. “We have pledged to invest USD 1 billion to digitize 10 million small and medium businesses, help Indian businesses sell worldwide thereby enabling USD 10 billion in cumulative exports, and create an additional job by 2025.”