Team News Riveting
Amazon today announced that it would start manufacturing electronic products in India.
The announcement was made soon after a virtual meeting held between Union Minister for Electronics and Information Technology, Communications and Law and Justice Ravi Shankar Prasad and Amit Agarwal, Amazon’s Global Senior Vice President and Country Head for India. Range of issues related to digital sector were discussed during this meeting.
“To begin with, Amazon is going to start manufacturing Amazon Fire TV stick from India,” the government spokesperson said. Amazon would commence its manufacturing efforts with contract manufacturer Cloud Network Technology, a subsidiary of Foxconn in Chennai, and start production later this year, the statement added.
The device manufacturing programme will produce Fire TV stick devices every year, catering to customers in India, according to the statement. Amazon will continuously evaluate scaling capacity to additional marketplaces/cities depending on the domestic demand, it said.
Ravi Shankar Prasad 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.” He said India is an attractive investment destination and is poised to become a major player in the global supply chain in the electronics and IT products industry.
“The entry of Amazon in this sector adds to the success story of electronics manufacturing in India,” Ravi Shankar added.
