Indiaherald Group of Publishers P LIMITED

X
close save
crop image
x
TM
Mon, Jan 21, 2019 | Last Updated 9:27 pm IST

Menu &Sections

Search

Amazon slowly but strongly keeping its Leg in Indian market

Amazon slowly but strongly keeping its Leg in Indian market
Amazon slowly but strongly keeping its Leg in Indian market
http://apherald-nkywabj.stackpathdns.com/images/appleiconAPH72x72.png apherald.com

According to sources Jeff Bezos headed US giant Amazon is slowly but strongly moving towards its objective of investing $5 billion into the Indian market. Meanwhile the latest infusion from the parent company is worth Rs 2,700 crore.



Furthermore this comes after Amazon India had received almost a similar amount of Rs 2,600 crore in May this year. Presently Amazon appears to have reached a figure of $3.6 billion or about Rs 25,000 crore and there has been a $100 million allocation meant for Amazon Retail, the division that is focusing on the grocery and daily essentials business in India. Moreover it is understood that Amazon has committed $500 million to creating this business as it sees enormous scope in the area.

Amazon slowly but strongly keeping its Leg in Indian market

Further according to a recent Forrester’s research data, Flipkart is almost on par with Amazon in the online retail market in India, with 31.9% against 31.1% of Amazon. Accordingly Amazon will be keen to limit the collateral damage it may have to bear when Walmart brings its might to bear upon the business of Flipkart, particularly having received the CCI approval for the deal.

Amazon slowly but strongly keeping its Leg in Indian market

Amazon slowly but strongly keeping its Leg in Indian market
5/ 5 - (1 votes)
Add To Favourite
More from author
Hyderabad Police organized Job Connect program to provide job opportunities
GoAir to operate services from Kannur to Muscat from February 28
Did Sasikala have special privileges in Jail?
Telangana CM KCR's ideology to make Telangana roads shine like a Mirror
Lalu Prasad Yadav to get a verdict on January 28!
H.Raja gets triggered with Stalin speech!
Dhanush's costar reveals sexual harassment trouble!
Ganguly says Dhoni must be no 4!
Did Congress MLA gift Mercedes Benz to Siddaramaiah?
I salute Manohar Parrikar's efforts at work," PM Modi
Muhurtam for Telangana CM KCR's  Chandiyaagam is fixed
Traffic diversions in Chennai for Republic Day Parade
UNESCO names Rio De Janeiro as 2020 World's Capital Structure
Sri Lanka wants to take back all Sri Lankan Tamil refugees in India
Rythu Bandhu Scheme becomes part of National Agenda of action: Governor E.S.L. Narasimhan
Maverick director RGV to come up with a creative poster goes Viral
CM Chandrababu Naidu unveiled NTR statue
Hyderabad Police booked 12 Websites for publishing defamatory article
GHMC shelving its plan to revise property tax rates
Again old rupee notes in Chennai!
World's first genetically modified child!
Edappadi checks food quality!
Will DMK intervene in Mekedatu project?
Prakash Raj to contest election as an Independent from Bengaluru-Central constituency
Religion politics have not fared well in the South
Paytm's New Feature adds benefit to Partner Merchants
Deepika Padukone titled World's Most Beautiful Bride
Amazon's New Year Sale delivery makes Record!!!
Lord Vishnu statue carved from a monolithic block reached Singarapettai
Jio New Year Offer recharges done between December 28, 2018, to January 31, 2019
437 CCTV Cameras installed in Chennai, Kilpauk Jurisdiction
High Court Justice orders 37 ISPs to block 12,000 Websites
Trump cancelled his own participation in Davos, citing row over his proposed wall
Telangana & AP extended time limit for interstate transfers
Trump coming out with reforms giving H-1B visa holders certainty to stay in US
SC appoints Ombudsman for Hardik & Rahul comments
About the author

Bharath has been the knowledge focal point for the world, As Darvin evolution formula End is the Start ... Bharath again will be the Knowledge Focal Point to the whole world. Want to hold the lamp and shine light on the path of greatness for our country Bharath.