After Amazon.com’s chief financial officer Brian Olsavsky said last week that even though the company’s investments into its Indian arm have started to show results they hit the US parent’s margins, Amazon India’s chief Amit Agarwal told Mint that Amazon’s investments into India will continue as planned.
That investment is on track, Agarwal told the newspaper, adding that the company is “excited about the momentum that we see in India”.
Amazon had in June announced a USD 3- billion investment into India in addition to the USD 2 billion set earlier.
“India is very early in its ecommerce trajectory. Amazon is very early in its e-commerce trajectory in India. To transform how India buys is going to take a long time; it will take a lot of investment and for many years. This is just the beginning,” the Mint report quoted Agarwal as saying.
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