‘India among most important markets where we operate’
NEW DELHI : India remains a “large opportunity" for Amazon.com Inc. globally with the e-commerce firm constantly unleashing investments in the market amid expectations that the nascent e-commerce market is only set to grow, said a top global executive at the Seattle-headquartered firm. “If you look at some of the big markers of opportunity, we certainly feel India is on the shortlist of the largest opportunities we have as a business.
It’ll soon be the third-largest GDP (gross domestic product) country in the world in the next few years, the evolution of the digital stack here I think makes us optimistic about how large an online business can be created here," said Russell Grandinetti, senior vice president, International Stores Business, Amazon. Grandinetti joined Amazon in 1998, and in his current role, he is responsible for leading Amazon’s international e-commerce business across Europe, UK, Japan, India, China, Brazil, Mexico, Turkey, Australia and the Middle East. He also oversees consumer payments, Prime, books, consumer marketing and engagement, and Amazon Business.
In prior roles at Amazon, he served as senior vice president for Kindle. Earlier this year, Amazon promised an additional $15 billion in investments in the market by 2030 taking up its total investment across businesses in India to $26 billion. In May, Amazon Web Services Inc.
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