“We have already created some 45,000 jobs in India and continue to see huge potential in the Indian economy,” Bezos said. Amazon has targeted India for international growth after pulling back from China due to fierce competition from that country's e-commerce giant Alibaba Group Holding Ltd. The infusion underlines how Amazon India is ramping up its cash burn rate at a time when local rivals like market leader Flipkart, and Snapdeal are conserving capital and focus more on unit economics. Amazon India has already overtaken Snapdeal in terms of number of shipments, and is moving close to leader Flipkart's market share. In addition to seeking new customers, Amazon is also looking at India as a key country from which it can source goods directly and sell to its customers around the world. The company has a long-term vision to be the primary middleman connecting factories in India and China with customers in the US and Europe. Amazon, which gets most of its international revenue from the UK, Japan and Germany, doesn't break out sales from India. Revenue from a group of other international markets, including India, reached $7.4 billion in 2015, or 6.9 per cent of total sales. (SH)
Fibre2Fashion News Desk – India
Textiles | On 17th Apr 2021
Fibre2Fashion, the online platform for the global...
Powered by a strong domestic and foreign demand, China's economy grew ...
Retail | On 17th Apr 2021
As government cheques fattened consumers’ bank accounts and more...
Textile Industry Head honchos
Strike a balance between handmade in India and 'Make in India'
Value of 'Made in India' should get more importance
International apparel brands Head honchos
Launched first collection at onset of Covid
Sandra Sequeira
The JD Institute of Fashion Technology is the educational division of JD...
Manoj Sorathiya
Surat-based Sunrise Imports & Exports Co is a manufacturer and...
Dhruv Toshniwal & Udit Toshniwal
Launched a year ago, Fashions Pvt Limited conceptualises and sees D2C...
Andreas Lukas Andritz Nonwoven
With forces in engineering and process development, Andritz Nonwoven...
Johann-Philipp Dilo Dilo Group
German company Dilo Group is one of the leading equipment suppliers of...
Keith McMillen Bebop Sensors
Bebop Sensors' smart fabrics allows for a new level of interaction between ...
Megha Kumari & Jigar Mali Label Megha & Jigar
New Delhi based label Megha & Jigar blends India's unique handcrafts...
Abhishek Bajaj & Samiksha Bajaj Samshek
Samshek is a fashion forward tech brand which combines digital experience...
Seema Agrawal Artisan Saga
Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...
Press Release
Letter to Editor
RSS Feed
Search Companies
editorial@fibre2fashion.com
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.
Download Free Report
Rising Opportunities in Technical Textiles Market: 2020-2026
Thank you for showing interest in our free report on 'Rising Opportunities in Technical Textiles Market: 2020-2026'
You will receive an email shortly with a link to download the report and in case if you don't receive our email, you can write back to texpro@fibre2fashion.com.
Thank You!