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Amazon to Continue India Investments Post Covid

BY Realty Plus

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Global e-commerce major Amazon Inc. saw its revenue touch $96.1 billion in the September quarter, up 37% from a year ago, as sales rose. The company will continue to invest in international markets, especially in India, as volumes grow, said chief financial officer Brian Olsavsky. In India, Amazon announced the expansion of its operations network with 10 new fulfilment centres, 5 new sorting centres, nearly 200 delivery stations, and more than 100,000 seasonal jobs to help meet customer demand. Since 2013, Amazon Inc. has committed to invest around $6.5 billion in its Indian operations, as its India unit raised a total of ?1,825 crore across businesses of e-commerce, Amazon.in, and Amazon Pay right before the festive season sales.

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Tags : ALLIED Investment e-commerce India Post Covid Amazon International Market