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AWS

PM Modi welcomed Amazon's $48 billion investment in India, saying it will create new opportunities for the country's youth.

PM Modi met Amazon CEO Andy Jassy in New Delhi as the company announced a $48 billion investment plan for India through 2030.

Puneet Chandok, who resigned from his position as president of commercial services for Amazon Web Services India and South Asia last week, is likely to join rival Microsoft India.

AWS announced its intention on May 18 to contribute $12.7 billion (more than Rs 1 lakh crore) to India's cloud infrastructure by 2030.