Amazon plans to more than double its investment in India over the next seven years, the e-commerce group said, joining a list of other high-profile US giants stepping up their commitment to the South Asian market after meeting with Prime Minister Narendra Modi this week.

The e-commerce group has invested about $11 billion in India so far and plans to deposit $15 billion more by 2030, Amazon chief executive Andy Jassy said Friday. The vast majority of the new capital is likely to be earmarked for AWS expansion in India. The company said last month it plans to invest $12.7 billion in its cloud business in the South Asian country by 2030.

India is an important overseas market for Amazon, even as the company has closed many businesses in the country in recent quarters. Walmart, Amazon’s global rival, has also spent more than $2.5 billion in India this year.

Google CEO Sundar Pichai said on Friday that the company will open a global fintech operations center in Gujarat state’s GIFT City.

Modi’s visit to the US this week has yielded a number of other high-profile pledges. US memory chip company Micron said it will invest up to $825 million in its first DRAM and NAND assembly and testing facility in India, while Applied Materials pledged to invest $400 million over four years in a new engineering center in the country .