Amazon invests Rs 1,696 cr in India – Feedback

Global online retail giant Amazon has ploughed Rs 1,696 crore into its India unit as part of its planned $2-billion investment over the next few years in the country to take on homegrown rivals Flipkart and Snapdeal.

The investment comes at a time when the company is engaged in a battle with the Karnataka government over taxation issues. The ongoing case has restricted Amazon from growing its presence in the state, one of the key markets for online retail in India.

http://www.business-standard.com/article/companies/amazon-invests-rs-1-696-cr-in-india-116012300549_1.html

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