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

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!