Despite economic slowdown, Amazon plans to continue investing in India

Must Read

Jharkhand polls for 81 constituencies from November 30 to December 20; counting on 23rd December

Addressing a press meeting today, Chief Election Commissioner Sunil Arora has announced the poll dates for Jharkhand Legislative assembly....

Congress forms six-member committee of AICC to review situation of NRC in Assam

In a bid to review the condition of Assam state after the implementation of the NRC exercise, Congress party...

Shiv Sena elects Eknath Shinde as party’s legislative leader; Sunil Prabhu appointed as chief whip of party

In a striking breakthrough, Shiv Sena elected senior minister Eknath Shinde as the party's legislative leader today. It has...

Amazon, world’s biggest e-commerce space, has said that it is ready to invest more in its India business. The statement from the California-based company has come at a time when the current economic health is in the slowdown stream.

The platform further said that it will be focussing on long-term goals instead of getting distracted by the short term situation such as the current economic condition of the country.

While, Amit Agarwal, head of Amazon India, said that the online retailer has been upbeat about both domestic sales and exports.

“As far as our services go, we haven’t seen any slowdown yet,” he added.

Agarwal further said that the Indian customers love to select products for great value and convenience, and so far Amazon has provided them with both.

Amazon is an American multinational technology company, based out of Seattle that focuses on e-commerce, cloud computing, digital streaming and artificial intelligence. It was founded in 1994 by Jeff Bezos.

“One thing to keep in mind is that ecommerce is a very, very small portion of total retail consumption in India, probably less than 3%. So, when you are that small, there is so much room to grow that I think it would be many years before macro conditions like that seriously impact ecommerce growth,” Agrawal said.

In order to lure more customer in India, Amazon gave its voice assistant Alexa an Indian touch by expanding its capabilities to accommodate regional languages.

Interestingly, it has also included Hindi chatbots in its e-commerce for customer grievances.

Furthermore, Amazon has also expanded its processing units in India to support the growing demands of the large user base.

Some of the ace players in the e-commerce industry includes FlipkartMyntraJabongAlibabashopclues, and many more.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Congress names 6 more candidates for K’taka bypolls (Lead)

Bengaluru, Nov 17 (IANS) The opposition Congress on Saturday named six more candidates for contesting the 15 Assembly by-elections...

Congress fields Gourav Vallabh against Jharkhand CM Raghubar Das

New Delhi, Nov 16 (IANS) The Congress on Saturday fielded party spokesperson Gourav Vallabh against Jharkhand Chief Minister Raghubar Das from Jamshedpur East in...

Congress names 6 candidates for Karnataka by-polls

New Delhi, Nov 16 (IANS) A day after the BJP fielded 13 out of the 17 defectors of the Congress and the Janata Dal-Secular...

BJP fooling residents of unauthorised colonies: AAP

New Delhi, Nov 16 (IANS) Accusing the BJP of fooling the people of unauthorised colonies in the national capital, Delhi's ruling Aam Aadmi Party...

Centre trying to hide economic slump by data manipulation: Congress

New Delhi, Nov 16 (IANS) The Delhi Congress on Saturday started a 'Halla Bol' rally to protest against the BJP-led government at the Centre,...
- Advertisement -

More Articles Like This