Jeff Bezos India visit: Amazon unveils $2-billion investment

Amazon, which launched its marketplace in India last year sees huge potential in the Indian economy and for the growth of e-commerce.

Zee Media Bureau

New Delhi: Amazon founder Jeff Bezos' India visit might have left rivals upping their ante but for Amazon employees and consumers his visit was entertaining.

Bezos, who is in India on his second visit, carried out a road show on a supply truck at the premises of a shopping mall in Bangalore on Sunday flashing a big $2-billion cheque.

Amazon Chief's visit has only one intention-- to trap the Indian customer while focusing on the company's aim to to make it the world’s most customer-centric business.

In July this year, Amazon said it will invest USD 2 billion (over Rs 12,000 crore) in India to expand business, a day after its largest Indian rival Flipkart announced USD 1 billion in funding.

Amazon, which launched its marketplace in India last year sees huge potential in the Indian economy and for the growth of e-commerce.

Apart from smaller e-commerce portals, Amazon competes head on with Flipkart and Snapdeal. In the past few months it has raised the bar with introducing same-day delivery and ramping-up its logistics among others.

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