Amazon recently won a legal battle with Future Group in India. Today, the company has announced that it will start manufacturing its electronic products in the country. First in line is the production of the Amazon Fire TV Stick in partnership with a subsidiary of Foxconn.
The American MNC announced the plan via its blog. Accordingly, it says that in partnership with Cloud Network Technology, it will start production later this year. For the unaware, this partner of Amazon is a subsidiary of Foxconn in Chennai. Anyway, through the first Manufacturing line for India(at Chennai, Tamil Nadu), the company will start making Amazon Fire TV Sticks.
Amazon says that the company will honour the Make In India initiative and help boost Indian innovation, Drive economic growth, and create jobs. Amit Agarwal, Global SVP and Country Leader for Amazon India says that the company has pledged to invest US $1 billion to digitize 10 million small and medium businesses.
Through this, it aims to popularise Indian business worldwide and contribute to up to $1 billion exports and create 1 million more jobs by 2025 in the country. That’s not all as the company already has a ‘Local Shops on Amazon’ program running.
Last year, it announced this so that retailers and local shops will benefit by selling products online and has signed with 22,000 neighborhood stores in India. Talking about the expansion, it says that based on the demand, it will scale up the production to other cities in the future.
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