Can Amazon succeed in India with 5 billion dollars investment?
Thu, Sep 05, 2019, 09:35 AM
Amazon just opened its largest office building yet in Hyderabad, India. The new space represents the company’s commitment to the Indian market, where it faces steep competition from Walmart-owned Flipkart. Despite recently introduced regulations that make it difficult for foreign-owned e-commerce companies to compete, Amazon is adopting new retail strategies as it looks to India as its next major growth market. So far, Amazon invested 5 billion dollars in India expecting 100 billion dollars business by 2022. The company is betting big on India.