American e-commerce giant Amazon on Tuesday (February 16) announced to commence local manufacturing of its popular multi-media streaming device FireTV Stick in India.
Amit Agarwal, SVP and Country Head, Amazon India confirmed that the company has joined hands with Cloud Network Technology, a subsidiary of Foxconn to mass-produce the FireStick is one of the latter's plants in Chennai, later this year.
"Held a very good conversation with Amit Agarwal and Chetan Krishna of Amazon India today. Delighted to share that soon Amazon will commence manufacturing electronics products like FireTV stick in India. Also, asked Amazon India to help in taking products made by India’s artisans and Ayurvedic products to global markets through the eCommerce Platform. Amazon is a global company but Amazon India must evolve as a truly Indian company deeply connected with the Indian business community and culture," said Ravi Shankar Prasad, Minister for Communications, Electronics & Information Technology, and Law & Justice.
Amazon plans to produce around 100,000 FireTV Sticks per year at the Chennai plant to cater to the local consumers.
Amazon has pledged to invest $1 billion (approx. Rs 7,274 Cr) to digitise 10 million small and medium businesses, help Indian businesses sell worldwide thereby enabling $10B (around Rs 72,740 Cr) in cumulative exports, and create an additional one million jobs by 2025.
Get the latest news on new launches, gadget reviews, apps, cybersecurity, and more on personal technology only on DH Tech.