Amazon Inc. has said that the company will continue to invest in India and added that it is still early on in many of its international businesses. The company made this announcement during its earnings call.
“I think it’s important to remember, it’s early in many of our international countries, especially in some of our emerging or more recent launch countries, places like India, Brazil and the Middle East. In our emerging locations, a healthy amount is we’ve made to expand the investment and we expect to continue to do so given the strong competition in many of these markets,” said Dave Fildes, director of investor relations at Amazon.
According to the company’s income statement, the company has pledged to enable $20 billion in cumulative exports to India by 2025 and Indian exporters are on track to cross $5 billion in cumulative exports.
“Since its 2015 launch, Amazon’s global sales program has grown to over a million exporters, showcasing millions of products from India through Amazon’s stores to customers around the world,” the company said in a statement.”
“Since its 2015 launch, Amazon’s global sales program has grown to over a million exporters, showcasing millions of products from India through Amazon’s stores to customers around the world,” the company said in a statement.”
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