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Amazon’s Jeff Bezos announces additional $3B investment in India during PM Modi’s visit

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India's Prime Minister Narendra Modi (L) presents the Global Leadership Award to Amazon CEO Jeff Bezos at the U.S.-India Business Council (USIBC) 41st annual Leadership Summit in Washington, U.S., June 7, 2016. REUTERS/Yuri Gripas

India’s Prime Minister Narendra Modi (L) presents the Global Leadership Award to Amazon CEO Jeff Bezos at the U.S.-India Business Council (USIBC) 41st annual Leadership Summit in Washington, U.S., June 7, 2016. REUTERS/Yuri Gripas

WASHINGTON (Diya TV) — Amazon CEO Jeff Bezos announced Tuesday the company plans to invest an additional $3 billion in India, a figure which brings the company’s total investment in the country to over $5 billion.

“Our Amazon.in team is surpassing even our most ambitious planned milestones, and I’m pleased to announce today that we’ll invest an additional $3 billion on top of the $2 billion that we announced in 2014, bringing our total investment in India to over $5 billion.”

During an event in Washington D.C. that was attended by Indian Prime Minister Narendra Modi — who earlier met with U.S. President Barack Obama at the White House — Bezos said that India was Amazon’s fastest-growing region. In China, the company has struggled to compete with Alibaba’s home-grown Chinese sites like Taobao and Tmall.

A survey taken in March revealed that Indian consumers trust Amazon’s brand more than any other online retailer. Domestically, the company competes with web retailers such as Flipkart and Snapdeal.

“I can assure you it’s only the beginning and as we say in Amazon, it’s only day one,” Bezos said. He said the investments would help the country’s startups, and accelerate India’s role as a hub for innovation and digital entrepreneurship.

Bezos announced Amazon plans to open a Web Services Cloud Region in India this year and that the country would soon become home to the company’s largest software and engineering development center outside of the United States. The center will be located in Hyderabad. He said Amazon has thus far built 21 fulfillment centers that have the ability to service postal codes in the country because of its marriage with India Post.

The Hyderabad center will create jobs and career development opportunities for thousands of India’s residents, Bezos said. Even more jobs will become made available over time because of the deployment of Amazon Cloud Services.

“This award is a recognition of the fact that we have already created some 45,000 jobs in India and continue to see huge potential in the Indian economy,” he said.

Bezos’ speech was delivered the same day Warren Buffet praised the executive for embodying the potential of small business owners who build their companies.

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India may offer to cut import duties, for U.S. goods

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India

NEW DELHI (Diya TV) — India has a road map in place to spend $130 billion over the next 5-7 years to modernize their armed forces and bolster their combat capabilities over their neighbors. The plan includes procurement of a slew of weapons, missiles, air defense systems, fighter jets, submarines and developing infrastructure for use of AI.

Meanwhile, India and Russia are increasing industrial cooperation and will create new technological and investment partnerships, especially in high-tech, with the goal to increase bilateral trade to $30 billion by 2025.

And to help Indian’s space agency ISRO establish a communication link with Vikram, the moon lander lying motionless on the lunar surface, NASA is sending hello messages. NASA’s Jet Propulsion lab beamed a radio frequency to Vikram to establish contact, but no luck so far.

Ravi Kapur contributed to this report.

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FBI: Amity CEO Ridhima Singh, others accused of major healthcare fraud

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Amity

SAN FRANCISCO (Diya TV) — The FBI says, CEO Ridhima Singh of Amity Home Health Care is among the 28 people, that include doctors and nurses, accused in the scheme. Federal prosecutors charged the Bay Area’s largest home health care provider, Amity Home Health Care, with involvement in a kickback scheme that led to $115 million in tainted claims. The complaint said medical professionals received $8 million worth of bribes disguised as payroll, phony medical directorships, reimbursements, entertainment or gifts, in what the Department of Justice said was simply “a cash for patients scheme.”

The man accused of stabbing and killing 62 year old Parmjit Singh in Tracy made his first court appearance. 21 year old Anthony Kreiter-Rhoads of Tracy pleaded not guilty of homicide during his arraignment. Police are still investigating the motive behind the crime.

And Priyanka Chopra & her husband Nick Jonas were named by People Magazine as their pick for ‘Best Dressed of the Year.’

Ravi Kapur contributed to this report.

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Business

Tanmanjeet Singh Dhesi blasts Boris Johnson for ‘racist remarks’

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Tanmanjeet Singh Dhesi

LONDON (Diya TV) —  In London, the first-ever Sikh Member of Parliament, Tanmanjeet Singh Dhesi, received a round of applause from his colleagues after demanding an apology from British Prime Minister Boris Johnson for making “derogatory and racist remarks” on Muslim women wearing burqas. Johnson rebuffed the claim and did not respond to the statement directly.

Mountain View Police arrested 50 year old Reenu Saini and her four friends for allegedly staging a home invasion to evict tenants from her investment property. When that didn’t work, police say the group shut off the home’s power and tried to open the door.Saini is charged with attempted robbery, burglary of an inhabited dwelling, conspiracy to commit a crime and unlawfully shutting off power to a home

Judge Raag Singhal was nominated to serve as a judge on the U.S. District Court for the Southern District of Florida. And Jones Day partner Shireen Matthews was nominated to serve as Judge on the U.S. District Court for the Southern District of California.

And Silicon Valley AI analytics startup Thoughtspot, which is led by CEO Sudheesh Nair and founded by a group of Indian Americans, raised $248 million at a $1.95 billion valuation.

Ravi Kapur contributed to this report.

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