Amazon India chief Amit Agarwal says the $3 billion investment announced in June was on track as the firm is excited about the e-commerce momentum here
Bengaluru:Amazon.com Inc. will continue investing heavily in India, the chief of its local operations said, dispelling concerns of slower spending by the US e-commerce company after its chief financial officer Brian Olsavsky said last week that while the India investments were starting to show results, they had hit margins, contributing to lower-than-expected results in the third quarter.
“Not at all,” Amazon’s India chief Amit Agarwal said in an interview on Monday when asked whether Amazon would slow down investments in India. Amazon, which initially said it would invest $2 billion in India, had said in June that it would invest an additional $3 billion in the country.
That investment is on track, Agarwal said, adding that…
View original post 579 more words
