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ONLINE RETAIL FDI WILL HELP IN AGGRESSIVE GROWTH: AMAZON
[September 15, 2014]

ONLINE RETAIL FDI WILL HELP IN AGGRESSIVE GROWTH: AMAZON


(Indian Business Insight Via Acquire Media NewsEdge) Foreign direct investment (FDI) in the e-commerce sector would expedite further growth in the $3 billion online retail market in India, said the Managing Director of Amazon India at the Economist India Summit in New Delhi on 11 Sep 2014. Amazon, which operates on a market place model in India, plans an investment of $2 billion on expanding its operations in the country. The company, which sells 17 million products in categories like books, apparel and electronics has two fulfilment centres in Mumbai and Bangalore and plans to open five more centres in India.



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