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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.

Updated
Business
1 min read
Jeff Bezos, founder and CEO of Amazon, poses as he stands on a supply truck at the premises of a shopping mall in Bangalore in 2014. (Photo: Reuters)
  • 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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