Amazon set to ramp up investment in India

Amazon chief executive Jeff Bezos announced at an event in Washington yesterday (7 June) that the company plans to invest an additional $3bn in India, taking its overall committed investment to $5bn. According to a report on Reuters, Bezos told people attending the US-India Business Council (USIBC) Leadership Summit – who included India’s Prime Minister Narendra Modi – that Amazon has so far built 21 fulfilment centres in the country and India is the company’s fastest growing region.

Bezos also emphasised the importance of the company’s relationship with India Post. As previously reported by Post&Parcel, on Friday (3 June) India Post released an Amazon India ‘My Stamp’ in recognition of their working relationship and to mark the e-commerce marketplace’s third anniversary in the country.