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Amazon gains green light to sell groceries in India
E-COMMERCE giant Amazon has received government approval to stock and sell groceries in India via its partners.
Amazon planned to invest US$500 million, over and above the US$5 billion already committed to investing in India, Reuters reported.
Amazon currently offers food products in India via Amazon Pantry and same-day grocery delivery on its Amazon Now app through Indian retailers and Amazon's joint venture Cloudtail, reported American Shipper.
While mom-and-pop stores account for the largest share of grocery sales, internet and smartphone proliferation in India have led to a surge in online shopping.
Amazon's approval follows last month's purchase of US grocery chain Whole Foods Market for $13.7 billion, the largest deal ever for the e-commerce company.
Amazon planned to invest US$500 million, over and above the US$5 billion already committed to investing in India, Reuters reported.
Amazon currently offers food products in India via Amazon Pantry and same-day grocery delivery on its Amazon Now app through Indian retailers and Amazon's joint venture Cloudtail, reported American Shipper.
While mom-and-pop stores account for the largest share of grocery sales, internet and smartphone proliferation in India have led to a surge in online shopping.
Amazon's approval follows last month's purchase of US grocery chain Whole Foods Market for $13.7 billion, the largest deal ever for the e-commerce company.
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