Home / Knowledge / News / Textiles / ATS gets Rs 207 crore for scaling up warehousing
ATS gets Rs 207 crore for scaling up warehousing
12
Jun '17
The logistics arm of Amazon India, Amazon Transportation Services (ATS), has got Rs 207 crore from Amazon Corporate Holdings Singapore and Amazon Malaysia. The allocation marks scaling up of warehousing and fulfillment network by both Amazon India and its competitor Flipkart. In Spetember 2016, ATS had received Rs 67 crore from the parent company.

According to a leading daily report, the details of the allocation to ATS are present in the documents filed with the registrar of companies.

The warehousing and fulfilment network are being scaled up by the two companies to cater to specialised lines of business such as heavy and bulky categories including furniture and large appliances, and for their foray into food retail and play in FMCG, the report said.

Amazon had announced setting up of seven new fulfilment centres in May 2017. The company has invested heavily in increasing its presence across multiple cities through warehouse network. It currently has a network of 41 fulfilment centres. The network will allow greater flexibility to sellers to store their inventory with the goods and services tax rolling out on July 1, 2017, the report said.

CEO Jeff Bezos said the marketplace was one of the fastest growing platforms in India. "The team has increased prime selection by 75 per cent since launching the programme nine months ago and increased the fulfilment capacity for sellers by 26 per cent already this year," Bezos said, according to the report.

The portal currently has 1.4 lakh sellers with 80 per cent using the Fulfilled by Amazon model to sell their goods, which requires them to store inventory at Amazon run warehouses.

The report said that Bezos had increased the capital commitment to India from $2 billion to $5 billion in June 2016. Of this, Rs 7,000 crore was infused in the marketplace entity, Amazon Seller Services, in 2016 alone. This year, Amazon India has already pumped in Rs 67 crore in Amazon Pay and Rs 100 crore in Amazon Wholesale, which runs the AmazonBusiness entity for business-to-business transactions. Amazon India proposes to invest $500 million over time in food retail having applied for a FDI license for creating its own supply chain for food retail and delivering fresh produce. (SV)

Fibre2Fashion News Desk – India


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search