Amazon to invest $2 bn in Indian market
The funds would be used for supporting its rapid growth and enhancing the customer and seller experience in India.
“After our first year in business, the response from customers and small and medium-sized businesses in India has far surpassed our expectations,” founder and chief executive officer (CEO) of Amazon.com Jeff Bezos said.
Bezos said the company saw huge potential in the Indian economy and for the growth of e-commerce.
He also thanked the customers in India and said: “India is on track to be our fastest country ever to a billion dollars in gross sales.”
Earlier, Indian e-commerce company Flipkart announced it had raised $1 billion in funding.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
