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Amazon is set to invest $2bn in India

  • Online retailer Amazon is set to invest another $2bn to boost its Indian operations, according to media reports.

    Chief executive Jeff Bezos said the company saw “huge potential” in the Indian economy and for e-commerce growth in the country.

    Amazon’s announcement came a day after Flipkart, India’s largest e-commerce company, raised $1bn in fresh funding, a record for an Indian internet firm.

    Though India's total e-commerce market was worth $13bn in 2013, 70% transactions were linked to online travel.

     



    Tagged as: online retailer, Amazon, India, investment, Jeff Bezos, Indian economy, Flipkart, technology news