Amazon Announces To Invest Heavily In The Indian Market | TechTree.com

Amazon Announces To Invest Heavily In The Indian Market

The e-commerce platform is planning to invest in setting up more warehouses across the country to speed up delivery.

 

Popular e-commerce giant Amazon has recently announced that it would be investing heavily in the Indian market after experiencing a tremendous growth in the sales.

It is being said that the company has recently seen a growth of at least 4 times in sales numbers during the festive season this year when compared to the last year.

However, on the other hand, the company has also added that the number of active customer accounts has increased over 230 percent.

Also, Amazon Senior Vice President and CFO Olsavsky has informed that over 40,000 products are being added every day and also that, nearly 90 percent of the sellers are using the e-commerce platform's logistics and warehouse services.

Adding more on to this, it is worth noting that Amazon is looking forward into setting up warehouses across the country which helps in speeding up the delivery process.

However, while there has been no official announcement regarding the actual investment details, the company had announced last year that it would be investing around Rs 13,000 crores to expand the operations in the country.


TAGS: Amazon India