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The e-commerce major is also opening a large software engineering and development centre in Hyderabad

E-commerce major Amazon will invest an additional US$3 billion in India to boost its growth, as it is facing tough competition from home-grown giants like Flipkart and Snapdeal.

The announcement was made by Amazon CEO Jeff Bezos at an event in Washington, attended by Prime Minister Narendra Modi.

This would take the company’s total investment in India to US$5 billion. Bezos had earlier announced US$2 billion for India operations during his trip to India in 2014.

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Bezos said that as India is Amazon’s fastest growing region, the firm will open a Web Services Cloud Region in India this year, according to a Reuters report. It is also opening a software engineering and development centre in Hyderabad.

The R&D centre would create jobs and career development opportunities for thousands of people.

“We have already created some 45,000 jobs in India and continue to see huge potential in the Indian economy,” Bezos said. “Our Amazon.in team is surpassing even our most ambitious planned milestones,” he said.

Amazon currently runs 21 fulfilment centres with more than 5 million cubic feet of storage space.

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