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Amazon proposes to invest $500 mn in food e-retail

Amazon proposes to invest $500 mn in food e-retail

Thursday, March 23, 2017, 3:53 PM

The US-based retail giant Amazon has proposed to invest about USD 500 million for e-retail of food products in India, Food Processing Minister Harsimrat Kaur Badal said today. Besides Amazon, she said Grofers and Big Basket have also submitted FDI proposals for undertaking retail trading of food products, while Metro Cash & Carry has also shown interest in food retailing.
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