Tuesday, August 27, 2019
Amazon, Taking On Walmart in India, Opens Largest Campus In Hyderabad- 15K New Hires
Amazon is building its biggest global campus which it will own and Will house 15K employees in. India which is a huge retail market (next only to US and China) has only 3% is sales in eCommerce with rest in brick and motor. This will likely grow to 50% some day and also the growing India middle class and population means retail pie will keep growing at fastest rate in the world. AMZN is investing heavily in India and mag also buy 10-20% of Reliance Retail a brick and mortar retail company owned by Mukesh Albani’s Reliance Industries.
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