Amazon.com Inc. will continue investing heavily in India, the chief of its local operations said, dispelling concerns of slower spending by the US e-commerce company after its CFO Brian Olsavsky said that while the India investments were starting to show results, they had hit margins.
Amazon.com chief financial officer (CFO) Brian T. Olsavsky said that the company was excited about its investments in India and the response it had received from customers and sellers.
In February, Amazon bought a 26% stake in Westland for about Rs9.5 crore. Trent had said at the time that Amazon had the option to acquire the remaining 74% stake later.
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