Amazon scores important win in huge foreign market
Amazon has won the right to sell groceries in India.
The online giant currently sells groceries in India through a local partner. But it recently secured government approval to stock and sell its own food items, reported the Nikkei Asian Review.
Amazon was given the green light to invest as much as $515 million in food retailing in India, according to the report, which will be spread over a five-year period. Last year, the Indian government relaxed rules to allow foreign firms to sell groceries and food items directly to the public.