India needs to encourage ecommerce and reduce red tape to help small businesses sell online and export goods to help revive sagging domestic economic growth, a senior Amazon.com executive said on Wednesday.
Amazon.com Inc on Wednesday launched its biggest campus in the world in the southern Indian city of Hyderabad, underscoring its expansion plans in the country that has been one of its fastest growing overseas markets.
With nearly 500 million Indians using the internet in 2018 and many just dipping their toes into online shopping, private labels will woo price-sensitive customers and create loyalty and higher margins, say analysts.
Amazon expects groceries and household products to account for over half of its business in India in the next five years, as it moves to broaden offerings in the segment and foray into areas such as fresh produce.
Amazon CFO Brian Olsavsky said in a conference call that the online retailer plans to open new stores, increase investment in video in 2018, and considers India to be a primary international investment.
Fashion Design Council of India (FDCI) and Education New Zealand (ENZ) will be organising a fashion event ‘Runway to New Zealand’ based on the theme “Future World Connection” which will be held in New Delhi on May 12,...