Amazon, Flipkart announce measures to deliver on time during Coronavirus outbreak in India
Technology | March 20, 2020 19:49 ISTAs Coronavirus is causing issues in India, Amazon and Flipkart come up ways to fulfill users' demands in the country
As Coronavirus is causing issues in India, Amazon and Flipkart come up ways to fulfill users' demands in the country
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Saxena said Amazon is dedicated to building a supply chain model of operations which will minimise adverse environmental impact as it aims to decrease its dependence on non-renewable sources.
Amazon founder Jeff Bezos is likely to visit India next week and is expected to meet PM Modi. The Amazon boss will also attend SMBhav event where he will be interacting with small and medium businesses.
The Indian e-commerce market is expected to reach $200 billion by 2026 from the current $48.5 billion (as of 2018) and to create a level-playing field for small and medium players, the government brought in a new e-commerce policy and fresh rules around FDI in the sector in February this year that forced online marketplaces like Amazon India to change its ownership pattern in local partners like Cloudtail and Appario Retail.
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Amazon India is doing extremely well and it is rapidly growing in the country, says Jeff Bezos.
The US-based e-commerce giant's board on October 17 also allotted 90 crore shares of Rs 10 face value, aggregating Rs 900 crore to Amazon Pay India Ltd on rights basis.
As the festive season has arrived, e-commerce portals in India like Flipkart, Amazon India and others have started offering discounts, cashback and several other offers to lure buyers. Festive offers from shopping sites usually comes during Diwali, so this is the most awaited time for shoppers in the country. People tend to easily get carried away seeing handsome discounts and cashback offers.
Built in the Financial District, a key IT cluster, this campus with 1.8 million square feet office space is Amazon's first owned office building outside the US and its single largest building globally.
Amazon, which is locked in an intense battle for market leadership against Walmart-owned Flipkart, said less than seven per cent of the packaging in Amazon fulfilment centres (FCs or warehouses) now is single-use plastic in nature.
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Amazon India on Tuesday said the number of global sellers from the country increased 56 per cent in 2018, crossing $1 billion in e-commerce exports for the first time.
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Observed on the day following Thanksgiving in the US (Friday, November 23), Black Friday has become synonymous with shopping and sales across America.
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