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Amazon to invest more in infrastructure in India
17 Jun '17
2 min read
Amazon, which has completed four years of operations in India, will continue investing in infrastructure and solutions to enhance consumer and seller experience. It has recently committed to invest around $ five billion. Amazon has been setting up fulfilment centres across the country for speedy delivery to consumers. It has 41 warehouses across 13 states.
"Last year, half the capital deployed was in infrastructure. This year too, we will continue to invest in infrastructure, innovation and technology," Amazon senior vice president and country manager (India) Amit Agarwal told a news agency.
"Our new customer acquisition has also grown by 60 per cent year-on-year in 2016, driven by growth from tier II and III cities," he said.
Seller base of the US-based e-commerce major has increased from 100 in 2013 to two lakh currently. The company is looking to overtake local rival, Flipkart. The report said that with Tiger Global-backed Flipkart's fund raise of $ 1.4 billion earlier in 2017, the competition is set to intensify with both companies likely to pump in money to strengthen operations and woo customers with offers.
Amazon founder Jeff Bezos had highlighted the importance of the Indian market to Amazon's operations, according to the report. (SV)
"Last year, half the capital deployed was in infrastructure. This year too, we will continue to invest in infrastructure, innovation and technology," Amazon senior vice president and country manager (India) Amit Agarwal told a news agency.
"Our new customer acquisition has also grown by 60 per cent year-on-year in 2016, driven by growth from tier II and III cities," he said.
Seller base of the US-based e-commerce major has increased from 100 in 2013 to two lakh currently. The company is looking to overtake local rival, Flipkart. The report said that with Tiger Global-backed Flipkart's fund raise of $ 1.4 billion earlier in 2017, the competition is set to intensify with both companies likely to pump in money to strengthen operations and woo customers with offers.
Amazon founder Jeff Bezos had highlighted the importance of the Indian market to Amazon's operations, according to the report. (SV)
Fibre2Fashion News Desk – India
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