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Amazon expands operational ambit

Online America-based retail giant Amazon planned the expansion of operational ambit and aggressively expanding its operations in more and more areas across the country with the addition of seven new warehouses with employment potential worth 4,000 people. The global player, which has committed an investment of $5 billion in the Indian market, will have 41 warehouses or Fulfilment Centres (FCs) very shortly. The company, which is locked in an intense battle with local rival, Flipkart, has been pumping in funds to expand infrastructure and technology platform in the country. “This (new FCs) will double our storage capacity this year as compared to last year. We continue to invest in strengthening our infrastructure to match our pace of business expansion in India,” Vice President, Amazon India Customer Fulfilment, Akhil Saxena said claiming that a total of 14 FCs will be added taking the total to 41 FCs. In recent past, Amazon.in had announced setting up seven warehouses to cater exclusively to its large appliances and furniture category. FCs are warehouses where sellers can stock their inventory. They can save money by replacing their upfront capital expense with low variable cost and pay only for the storage space they use and the orders Amazon fulfills. Amazon founder and CEO Jeff Bezos had recently said Amazon.in is the most visited and the fastest growing marketplace in India. In addition, he also assured that the company will keep investing in the Indian market in state like Telangana, Haryana, Maharashtra, Madhya Pradesh, Uttar Pradesh and Andhra Pradesh. “These new FCs commands huge job generation potentials both directly and indirectly. Amazon.in seen shipment of units grow almost 85 per cent in the first quarter of 2017 and continues to rapidly expand to tier II and III cities and also expanding capacity of its FCs in Ahmedabad and Delhi.

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