Amazon Is Looking To Open Food-Only Outlets In India, To Sell Locally Produced Items
Feb 16, 2017
In the States, Amazon has started opening brick-and-mortar stores that sell all kinds of goods. We’ve reported on this a few times, regarding their stores where you can just walk in and buy groceries without having to pay right away or even carry your groceries home with you. And now, Amazon is looking to open food-only outlets in India, making it the second country in the world to see the development of these kinds of stores.
According to a report by Economic Times, the American company plans to undertake “retail trading of food products (produced or manufactured in India) to customers at any location through any channel, offline or online, including e-commerce, across India.” The application was filed by Singapore-based Amazon Corporate Holding Pvt Ltd., which along with Amazon.com Inc, Mauritius will hold 99% of the proposed entity.
This subsidiary also seeks to invest Rs. 3,500 crore over the next five years to sell their own private labels of locally produced and packaged food products.
In the US, Amazon is still in the process of opening their first grocery store this year. And if all goes well, India is next on their list of places to open a stand-alone grocery store. In a statement issued by Amazon India, it was said...
Amazon opening food-retail outlets in India?
By Zee Media Bureau / India.com
February 16, 2017
New Delhi: E-commerce giant Amazon is reportedly planning to open brick-and-mortar food outlets in India.
As per a report in the Economic Times the retail giant has taken permission from the Indian government to open “food-only outlets combined with an online platform to sell locally produced food items”.
The newspaper report also added that Amazon will enter India via Amazon Corporate Holding Pvt Ltd (holding 99 percent of the proposed entity) and the rest owned by Amazon.com Inc, Mauritius.
The subsidiary seeks to invest “Rs 3,500 crore over the next five years and sell third-party or its own private labels of locally produced and packaged food products,” the paper further said.
ET quoting an Amazon spokesperson two weeks ago had said...