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Amazon India to invest $515 mn in food retail business

Amazon India to invest $515 mn in food retail business

Friday, March 24, 2017, 8:13 AM

Global e-commerce major Amazon is aiming to enter the food retailing sector in India with investment plans of $515 million over the next 5 years. Food Processing Industries Minister Harsimrat Kaur Badal on Thursday confirmed the company’s investment plans while adding that Metro Cash & Carry has also shown interest in food retailing. Back in January, Amazon had filed its application with the DIPP.
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