India : Amazon intends to keep investing and growing in India

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Amazon intends to keep investing and growing in India

29
Jun '17

American online retail giant Amazon intends to keep investing and growing in India. It has already committed investments to the tune of $5 billion for the country. Amazon chief Jeff Bezos met Prime Minister Narendra Modi along with several other US business leaders as part of a roundtable interaction. Amazon has completed four years of operations in India.

Bezos was among the 20 US business leaders who interacted with Modi. Others in the group included Apple CEO Tim Cook, Google’s Sunder Pichai, John Chambers from Cisco, Shantanu Narayen from Adobe and Ajay Banga from Mastercard, according to media reports.

After meeting Modi, Bezos tweeted: “Terrific meeting with @narendramodi. Always impressed, energised by optimism and invention in India. Excited to keep investing and growing,” the reports said.

Amazon, which has recently completed four years of operations in India, is locked in an intense battle for leadership with homegrown e-tailer Flipkart. The company has been aggressively investing in setting up fulfilment centres across India to ensure speedy delivery to consumers. It has 41 warehouses across 13 states. Its seller base in the country has also increased to 2 lakh from 100 in 2013.

Earlier, Bezos had said the company would keep investing in the Indian market to strengthen technology and infrastructure. “Our India team is moving fast and delivering for customers and sellers... It’s still Day 1 for e-commerce in India, and I assure you that we’ll keep investing in technology and infrastructure,” Bezos had said, according to reports. (SV)

Fibre2Fashion News Desk – India

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