Amazon pumps in more than $600 million into its Indian subsidiaries

Amazon has not clarified how and where it will utilize the money.

Documents filed with the Registrar of Companies show that U.S. retailer, Amazon.com Inc has invested $634.20 million (around 45 billion rupees) into its Indian subsidiaries. Clearly, Amazon is ramping up its operations in one of its fastest growing markets.

Amazon did not immediately clarify where or how the money would be used.

For Amazon, India is a crucial growth market where Jeff Bezos has committed to spending more than $5 billion as it battles for supremacy with Walmart Inc-owned Flipkart.

Both companies have quickly expanded their footprint into various categories such as food retail and payments. Amazon also offers its Prime video streaming and music services in India.



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