Amazon to Invest Extra $2 Billion in India as E-Commerce Race Heats Up

Amazon shipping warehouse | Source: Reuters

Amazon.com Inc. on Wednesday said it will invest a further $2 billion in India just a day after the country’s largest e-tailer Flipkart attracted $1 billion of fresh funds, raising the stakes in a nascent but fast-growing e-commerce sector.

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E-tailers Growth Ensnared in India’s Logistics Jungle

EBay headquarters | Source: Reuters

MUMBAI, India — Online retailers jostling for a chunk of India's $13 billion e-commerce trade are so desperate to avoid snarled roads and inefficient railways that they fly their packages in the passenger cabin of costly commercial flights. The cargo, however, often gets bumped off.

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India Likely to Announce Foreign Investment in E-Commerce Next Month

Source: Reuters

NEW DELHI, India — Prime Minister Narendra Modi's government could allow foreign direct investment in India's e-commerce sector as early as next month, paving the way for global online retailers such as Amazon to expand their business, four people with knowledge of the matter told Reuters.

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