Amazon and Walmart Investing More than 2000 cr in India

Amazon and Walmart Investing More than 2000 cr: The Retail giants Amazon and Walmart investing more than Rs 2K-cr among them while Amazon is investing 1696cr and walmart is investing 396cr in india.They are going to place more than 50 store in india. They have already grabbed a substantial chunk of the Indian ecommerce segment, Walmart is still building its ecosystem to attract lakhs of small retail stores as customers.

Eyeing expansion in India, Walmart plans to open 70 new stores in the next five years. The two of the world’s largest retailers are planning to gain a commanding position by building scale through deep discounting in the Indian retail market, which is expected to cross $1 Tn by 2020.

Amazon and Walmart Investing More than 2000 cr in India

Amazon and walmart invest 2kcr

Amazon expects India to overtake Japan, Germany and the UK to become its largest overseas market, besides becoming the quickest to reach $10 billion in gross merchandise value in the company’s history, Diego Piacentini, senior vice-president for international business, had told ET in October last year.

Amazon may invest about $5 billion in India, up from $2 billion pledged previously by chief executive officer Jeff Bezos.

Amazon and Walmart Investing More than 2000 cr

According to the latest lobbying disclosure reports filed with the US Senate, Amazon lobbied for the second straight quarter during January-March period of 2014.

Geared up with structural change in management, Flipkart is expected to raise over $1.4 Bn in the next round of funding. Snapdeal, on the other hand, has strengthened its senior management team and has unveiled Snapdeal Ads to increase revenue through targeted advertising tools.