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Tag: Amazon India


Amazon to hire 50,000 temp workers in India as lockdown boosts demand

26

May 2020

Amazon to hire 50,000 temp workers in India as lockdown boosts demand

Amazon.com Inc’s (AMZN.O) India unit said it would hire 50,000 temporary workers to meet a surge in online shopping in the country, where customers have been stuck indoors for two months in a lockdown to fight the coronavirus outbreak. E-commerce firms faced massive disruption in the initial days of the lockdown in India, but a slow easing of the stringent regulations has allowed them to...

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Amazon to invest $1 billion to help digitize small businesses in India

18

Jan 2020

Amazon to invest $1 billion to help digitize small businesses in India

India welcomed Jeff Bezos this week with an antitrust probe. On top of that, thousands of small merchants who typically compete with one another are beginning to gather across the country to hold a protest against the alleged predatory practices by the e-commerce giant. But Amazon founder and chief executive’s love for one of the company’s most important overseas markets remains untainted. At a conference...

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Amazon just opened its biggest office building — and it’s not in the United States

25

Aug 2019

Amazon just opened its biggest office building — and it’s not in the United States

Amazon just opened its biggest office building in the world in the Indian city of Hyderabad. The online retail giant’s new campus in the city’s financial district opened on Wednesday. It covers 9.5 acres and has 1.8 million square feet of office space, making it “Amazon’s single largest building in the world in terms of total area,” according to the company. The building can accommodate...

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India needs to reduce ecommerce restrictions to revive economy – Amazon exec

22

Aug 2019

India needs to reduce ecommerce restrictions to revive economy – Amazon exec

India needs to encourage ecommerce and reduce red tape to help small businesses sell online and export goods to help revive sagging domestic economic growth, a senior Amazon.com <AMZN.O> executive said on Wednesday. “There is so much opportunity to just let ecommerce thrive versus trying to define every single guard rail under which it should operate,” Amazon’s India head Amit Agarwal told Reuters, ahead of...

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Amazon changes business structures in India to bring big seller back

10

Feb 2019

Amazon changes business structures in India to bring big seller back

One of the biggest sellers on Amazon.com Inc’s India website has returned after the online retail giant changed its business structures to comply with new federal e-commerce curbs that took effect last week, two sources told Reuters. India’s modified foreign direct investment rules that kicked in on Feb. 1, prevent companies such as Amazon from selling products from vendors where they, or their group companies,...

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Amazon Takes Aim at Yet Another Massive Opportunity

14

Oct 2018

Amazon Takes Aim at Yet Another Massive Opportunity

There’s no doubt that India is a gold mine for Amazon (NASDAQ:AMZN). The company is tapping into the many opportunities in this region, ranging from e-commerce to smart speakersand even insurance, but it will keep pushing the envelope, as its latest move indicates. Recent filings with Indian regulatory authorities revealed that the e-commerce giant has made a fresh infusion of $80 million into its digital payments business, Amazon Pay. This brings the...

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Amazon India valued at $16bn by analyst

19

May 2018

Amazon India valued at $16bn by analyst

There’s been a great deal of interest in ecommerce in India of late. Obviously, Walmart is going to buy Flipkart in a multi-billion dollar deal. And that has prompted eBay to withdraw from it’s arrangement with Flipkart and announce that it will be relaunching eBay.in. And seeing as it will receive $1.1bn for divesting its interest in the Indian marketplace. So there is a bit of a...

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Amazon India sales grew 66% in third quarter

12

Dec 2017

Amazon India sales grew 66% in third quarter

Amazon India claims that sales grew 66% in the third quarter of 2017. And even more bullishly they claimed to be expanding faster than their rivals, specifically Flipkart. An Amazon India spokesperson claimed that not only was Amazon growing strongly but is doing so a more significant pace than competitors: “We are clearly growing faster than industry peers who are posting growth at about 20-25 per...

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