Amazon.com, Inc. (AMZN) Decides To Invest Additional $2 Billion in India

In a recent announcement, Amazon.com, Inc. (NASDAQ:AMZNexpressed its intention of investing $2 billion in the growing Indian economy. There is a dual purpose on this move; the first is to facilitate the company’s growth through a developing market in India so that the objective of touching a billion in gross sales becomes a reality. Secondly, the idea is to pose stiff competition to the local e-commerce company Flipkart, which has recently acquired $1 billion in the form of investments.

Amazon.com, Inc. (NASDAQ:AMZN)

While Flipkart raised this impressive amount from investors, what Amazon.com, Inc. (NASDAQ:AMZN) is trying to do is to cash in on the booming e-commerce market in India, which is likely to witness a growth figure that is forecasted to be higher than even in China. Much of this growth is attributed to the younger population of the country, assuming an Internet savvy flavor and, as a result, relying more than ever on broadband connections and smartphone usage.

“We see huge potential in the Indian economy and for the growth of e-commerce in India. With this additional investment of $2 billion, our team can continue to think big, innovate, and raise the bar for customers in India.” Jeff Bezos, Amazon.com, Inc. (NASDAQ:AMZN)’s founder & Chief Executive Officer, was quoted as saying in a statement.

Amazon.com, Inc. (NASDAQ:AMZN) arrived in India around a year ago and its performance since its introduction has surpassed even the most liberal expectations due to the impetus provided by small and medium-sized ventures. It is on the basis of this trust and brand value, cultivated over the past year, that the company decided to invest a huge amount, the idea being to spur the already flowing momentum to the next level.

Although based in North America and operating a full-fledged branch in the continent, Amazon.com, Inc. (NASDAQ:AMZN) boasts of a prominent global presence. While much of its merchandise is sold through its retail websites, there is a provision wherein third-party sellers and individual sellers can publish and sell their content. Particularly successful ventures of this company are Kindle Publishing and Amazon Prime as these have not just expanded the company’s customer base but have augmented its revenue generation too.

 Disclosure: none

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!