Seattle – Amazon.com is making a serious bid to control the Indian e-commerce market with a planned $2 billion investment in its Indian operation. In a statement emailed to major U.S. media outlets, Amazon said it sees “huge potential” in India’s economy and e-commerce market.
Amazon entered the Indian market in June 2013 and sells 17 million products there. Among the company’s planned Indian projects are five new delivery warehouses. Amazon is making the investment as India’s leading domestic e-commerce platform, Flipkart, is receiving $1 billion in new funding from outside investors.