E-commerce major Amazon.com plans to continue expanding its business in India and announced plans to build seven more warehouses taking its total tally to 41 across 13 states by the end of June this year. This development is set to employee around 4,000-5,000 people in India.
The new warehouses will double the storage capacity of Amazon in India taking it to 13 million cubic feet. The warehouse will provide products at a faster and cost efficient rate to its dealers, helping the company reach Tier II and Tier III cities easily. The fulfilment centres will be built in the states of Telangana, Haryana, Maharashtra, Madhya Pradesh, Uttar Pradesh and Andhra Pradesh.
Amazon has registered an 85 per cent growth in its shipment in the first quarter of 2017 and is fast improving its infrastructure and delivery services to reach every nook and corner of the country.
The company has committed a $5-billion investment in India over the course of next three years. Amazon’s prime competitor in the Indian market is Flipkart and the US major is leaving no stone unturned to gain competitive edge over its competitors in India.
Amazon CEO Jeff Bezos sees huge growth potential in India and had earlier said, “Amazon is the most-visited and fastest-growing marketplace in India. We have created about 45,000 jobs in India and we’ll continue investing in India.”
Amazon has launched a number of ventures recently. Amazon Web Services and Amazon Prime have taken the company to a next level and its stock prices have soared around 50 per cent in the last one year. Amazon introduced its Prime membership service in India to compete with Netflix and hopes to repeat the success it has had with it in worldwide.
Amazon has put its focus on shipping logistics. The company is testing drones to make delivery experience like never before. Amazon announced Amazon GO at the end of 2016, a grocery and food store which will turn around the shopping experience. It will automatically track the items you pick from the store and will bill those items to you online.
BW Reporters
The author is a correspondent with BW Businessworld with keen interest in HR and employee welfare.
