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Amazon puts additional USD 3 bln into Indian business

2016-06-08 08:45:00| Telecompaper Headlines

(Telecompaper) Amazon.com wants to put an additional USD 3 billion into developing its India operations, Bloomberg. The latest commitment, unveiled by CEO Jeff Bezos at the US-India Business Council's Leadership Summit in Washington, more than doubles Amazon's total pledged investment since 2014 to USD 5 billion. Amazon has targeted India for international growth after pulling back from China due to fierce competition from Alibaba. In addition to seeking new customers, Amazon is also looking in India for new inventory to sell globally.

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