Via Foxconn-owned Cloud Network Technology, an India-based subsidiary of the Taiwanese electronics giant, Amazon is poised to commence manufacturing in Chennai, India.
The Chennai line will be capable of producing hundreds of thousands of devices every year, starting with the Fire TV line of streaming devices. Amit Agarwal, Amazon’s global senior vice president of Amazon India noted, “We have pledged to invest $1 billion to digitize 10 million small and medium businesses, help Indian businesses sell worldwide thereby enabling $10 billion in cumulative exports, and create an additional one million jobs by 2025.”
Ravi Shankar Prasad, India’s minister for communications, electronics, and information said, “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.” Amazon’s investment in India is evidence of the country’s growing significance as both a prime market for Western consumer electronics and as a manufacturing center that can compete with China and other fast-growing production hubs.
