E-Commerce Giant Amazon Plans to Invest $3 Billion in India
Amazon, which entered the Indian market in 2013 has already helped create close to 45,000 jobs in India.
- In a bid to tap the potential of a growing e-commerce space in the country, Amazon’s founder and CEO Jeff Bezos revealed, on Wednesday, that the e-commerce giant will invest an additional $3 billion in its Indian operations.
- Amazon, which entered the Indian market in 2013, has faced stiff competition from domestic rivals such as Snapdeal and Flipkart.
- Citing huge potential in the Indian market, Star India, a subsidiary of 21st Century Fox, has also revealed plans of investing an additional $5 billion over the next three years. revealed Uday Shankar, Chairman and CEO of Star India.
(With PTI inputs)
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