Amazon establishes online marketplace in India
BANGALORE: Amazon, the world's largest online retailer, has launched an online marketplace in India, Amazon.in, where third-party sellers can list their products and sell directly to customers. India represents Amazon's tenth marketplace where buyers can browse through a catalogue of 7 million local and imported books and 12,000 titles from movies and TV shows to begin with.
The company is planning to expand its product footprint to cameras, mobiles and other electronics devices.
"What it means to consumers in India is they get to choose from a vast selection at low prices through fast and reliable delivery," said Greg Greeley, VP-international expansion in Amazon. Globally, it has over 2 million sellers and over 200 million customers across 9 marketplaces including Canada, Japan, China and the UK.
Amazon will not stock and sell its own products because India's FDIregulations do not allow online multibrand retailers to sell their own products.
Amazon has signed up 100 vendors across the country so far and has set up a 1.5 lakh sqft fulfilment centre in Mumbai to service online orders. Any of the lakhs of retailers in India can hope to sign up with Amazon and sell their products online.
Amazon debuted in the country launching a shopping catalogue aggregator Junglee.com, to tap into the country's rapidly growing e-commerce market. India's e-commerce or more specifically e-tailing market, crossed $800 million with 13 million online shoppers in 2012, said a recent Accel Partners study. The country's internet penetration stands at about 8% with 137 million users, of which roughly 20 million are shoppers including the online travel agency market. This reflects China's online market back in 2005. China now has 538 million internet users and 227 million online shoppers.
For More
http://timesofindia.indiatimes.com/tech/tech-news/internet/Amazon-establishes-online-marketplace-in-India/articleshow/20437816.cms
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| Amazon Now in India |
BANGALORE: Amazon, the world's largest online retailer, has launched an online marketplace in India, Amazon.in, where third-party sellers can list their products and sell directly to customers. India represents Amazon's tenth marketplace where buyers can browse through a catalogue of 7 million local and imported books and 12,000 titles from movies and TV shows to begin with.
The company is planning to expand its product footprint to cameras, mobiles and other electronics devices.
"What it means to consumers in India is they get to choose from a vast selection at low prices through fast and reliable delivery," said Greg Greeley, VP-international expansion in Amazon. Globally, it has over 2 million sellers and over 200 million customers across 9 marketplaces including Canada, Japan, China and the UK.
Amazon will not stock and sell its own products because India's FDIregulations do not allow online multibrand retailers to sell their own products.
Amazon has signed up 100 vendors across the country so far and has set up a 1.5 lakh sqft fulfilment centre in Mumbai to service online orders. Any of the lakhs of retailers in India can hope to sign up with Amazon and sell their products online.
Amazon debuted in the country launching a shopping catalogue aggregator Junglee.com, to tap into the country's rapidly growing e-commerce market. India's e-commerce or more specifically e-tailing market, crossed $800 million with 13 million online shoppers in 2012, said a recent Accel Partners study. The country's internet penetration stands at about 8% with 137 million users, of which roughly 20 million are shoppers including the online travel agency market. This reflects China's online market back in 2005. China now has 538 million internet users and 227 million online shoppers.
For More
http://timesofindia.indiatimes.com/tech/tech-news/internet/Amazon-establishes-online-marketplace-in-India/articleshow/20437816.cms
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