Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleRed Hat
CEO ReviewCompany Review

The Silicon Review Asia

Amazon Doing Extremely Well In India

Amazon Doing Extremely Well In India

Jeff Bezos, CEO and Founder of the e-commerce giant, Amazon, has remarked that Amazon is doing ‘extremely well’ in India. The remarks came in response to a question on Amazon’s issues over some Indian policies with regard to digitization.

"Regulatory stability is the thing that we would always hope for India. Whatever the regulations are ... they are stable in time and that's one of the things we're hoping will now be true. We'll see," Bezos told reporters during his induction into the National Portrait Gallery. "Our business in India is doing extremely well. It's growing very rapidly," Bezos said.

Amit Agarwal, head of operations for Amazon in India has worked with Bezos for over 20 years and has reported that indeed the company is doing very well in the Indian sub-continent.

Regarding rumours about Bezos running for the White House in 2020, Bezos stated that he has a lot of things to accomplish and is very focused on accomplishing them. Answering another question, Bezos said that he definitely wants to go to space and remarked that he has a great deal of fun in everything he does. Amazon is pumping over 4,400 crores in its various units in India like marketplace and food retail to provide them with leverage over their arch-rival Flipkart.

Amazon and Flipkart have been investing millions of dollars into various operations like marketplace, infrastructure and supply chain management to strengthen their position in the Indian e-commerce market.


Pine Labs Reaffirms its Commitment to Indian Payments Space with Qfix Acquisition

HDFC Bank is Qfix's main distribution partner Pine Labs has announced that it has acquired Qfix, a Mumbai-based online payments startup. This acquisi...

Salesforce Expands into Thailand, Opens Office in Bangkok

Salesforce has announced permanent presence in Thailand by launching its new office in the country’s capital, Bangkok. The permanent presence wi...

GMLL is expected to soon add two more stores to its retail arm ‘Price Mantra’

Garment Mantra Lifestyle, a popular name in the Indian fashion retail segment, recently made an announcement that the company is expanding its retail ...

Tariff plans will cost higher from the next financial year as telecom companies are gearing up to increase rates

The ongoing Covid pandemic had significantly increased the number of mobile and internet users worldwide. The high amount of usage is expected to drop...