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Amazon likely to increase investments in India, despite drag on profits

Amazon likely to increase investments in India, despite drag on profits

Saturday, February 4, 2017, 9:45 AM

Amazon.com has indicated it would keep investing money in India although its investments in the country, crimped profitability at the world’s largest online retailer. Amazon’s CFO Brian Olsavsky said that the e-commerce giant was encouraged by its progress in India and the response it has received from consumers. Amazon is committed to investing at least $5 billion in India over the next few years.
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