Is India the Next Frontier for Luxury Department Stores? businessoffashion.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessoffashion.com Daily Mail and Mail on Sunday newspapers.
American online major Amazon seems to be almost doubling its India investment going by the company s recent announcement during Prime Minister Narendra Modi s state visit to the US.
From the time the Seattle-headquartered company started its India journey in 2013, its investment into the country is pegged at $11 billion or roughly $1.1 billion a year.
By committing a fresh round of $15 billion by 2030, the Jeff Bezos-founded company s investment would go up to more than $2 billion a year over the next seven years.