Home › Amazon puts additional USD 3 bln into Indian business
 

Keywords :   


Amazon puts additional USD 3 bln into Indian business

2016-06-08 08:45:00| Telecompaper Headlines

(Telecompaper) Amazon.com wants to put an additional USD 3 billion into developing its India operations, Bloomberg. The latest commitment, unveiled by CEO Jeff Bezos at the US-India Business Council's Leadership Summit in Washington, more than doubles Amazon's total pledged investment since 2014 to USD 5 billion. Amazon has targeted India for international growth after pulling back from China due to fierce competition from Alibaba. In addition to seeking new customers, Amazon is also looking in India for new inventory to sell globally.

Tags: business additional amazon usd

Category:Telecommunications

Latest from this category

All news
»
04.10Should you tip even if the service wasn't worth it?
04.10Hurricane Kirk Graphics
04.10Hurricane Kirk Forecast Discussion Number 22
04.10Tropical Storm Leslie Forecast Discussion Number 10
04.10Hurricane Kirk Wind Speed Probabilities Number 22
04.10Hurricane Kirk Public Advisory Number 22
04.10Summary for Hurricane Kirk (AT2/AL122024)
04.10Tropical Storm Leslie Public Advisory Number 10
More »