Amazon pledges $2bn India investment

Written By andika jamanta on Rabu, 30 Juli 2014 | 23.58

30 July 2014 Last updated at 08:25

Amazon, one of the world's largest online retailers, has said it will invest a further $2bn (£1.2bn) to boost its operations in India.

The firm said India is on track to become "our fastest country ever" to reach $1bn in gross sales.

Amazon's move comes a day after India's largest e-commerce firm Flipkart raised $1bn in fresh funding, the largest ever for an Indian internet firm.

India's total e-commerce market was worth $13bn in 2013.

But online travel accounted for more than 70% of the transactions.

According to research firm Forrester, online sales of retail goods were worth $1.6bn last year.

However, that number is expected to reach $76bn by 2021 as more people across the country get connected to the internet.

"We see huge potential in the Indian economy and for the growth of e-commerce in India," Jeff Bezos, chief executive of Amazon, said in a statement.

"After our first year in business, the response from customers and small and medium-sized businesses in India has far surpassed our expectations."


Anda sedang membaca artikel tentang

Amazon pledges $2bn India investment

Dengan url

http://minumandingines.blogspot.com/2014/07/amazon-pledges-2bn-india-investment.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Amazon pledges $2bn India investment

namun jangan lupa untuk meletakkan link

Amazon pledges $2bn India investment

sebagai sumbernya

0 komentar:

Posting Komentar

techieblogger.com Techie Blogger Techie Blogger