Global e-commerce giant Amazon is investing big in its Indian units. The firm is reported to have invested over $ 600 Million (equivalent to 45 Billion Indian Rupees) in its Indian subsidiaries. India happens to be the fastest-growing market for Amazon where it is a close 2nd to Flipkart.
This recent investment by Amazon would go into its retail, payment, and food units operating in India. Amazon’s CEO Jeff Bezos has committed to invest $ 5 Billion in its Indian units.
Amazon is investing in India keeping in mind the growth potential of its business in the Indian market. Walmart owned Flipkart is the biggest roadblock in Amazon’s path to supremacy in India.
India is the last frontier for the global giant and it is committed to get the best of it in the near future.