Amazon will continue to invest in India in expanding infrastructure and bringing in solutions that enhance consumer and seller experience as the US-based e-commerce major looks to overtake local rival, Flipkart. Amazon, which has completed four years of operations in India, has committed investments to the tune of USD 5 billion in the country. This year too, we will continue to invest in infrastructure, innovation and technology," Amazon Senior Vice President and Country Manager (India) Amit Agarwal told PTI. Amazon has been aggressively investing in setting up fulfilment centres across the country to ensure speedy delivery to consumers. With Tiger Global-backed Flipkart's fund raise of USD 1.4 billion earlier this year, the competition is set to intensify further in the coming days.

Source: dna June 14, 2017 14:03 UTC