CRB Tech reviews that the e-commerce giant has allegedly arranged $5 billion dollars to make the nation its second-biggest industry outside the U.S., such as by releasing Amazon Prime and Amazon Instant Video services.
Amazon.com is looking to flourish in India, with the help of a $5 billion dollars war chest, "to grow India into its greatest industry outside the U.S.,”.
Quoting two un-named people that it said were "directly familiar with the organization's decision," the review added that Amazon is planning to produce its Amazon Immediate Movie and subscription-based Amazon Primary services later this season.
The organization has started discussions with music brands and manufacturers in an effort to source content featuring that in Dec the organization employed former Sony Entertainment Networks India executive to lead its new projects.
When asked for further opinion, a representative for Bangalore-headquartered Amazon India said, "We don’t opinion on anything we may or may not do in the future."
In July 2014, Amazon India formally declared plans to get an extra $2 billion dollars in India to flourish and "enhance the customer seller experience."
"After our first season in company, the response from clients and small and medium-sized businesses in India has far exceeded our objectives," Amazon CEO said in a declaration back then. "We see huge potential in the India economy and for the development of e-commerce in India. With this extra investment of $2 billion dollars, our team can continue to think big, innovate and raise the bar for clients in India. At current scale and development rates, India is on track to be our quickest nation ever to a billion dollars in product sales. A big 'thank you' to our clients in India — we’ve never seen anything like this."
Having completed two years in India, Amazon's company is now worth at least $2 billion dollars in total e-commerce merchandise value, such as revenue from its Amazon Web Services unit.
The review also estimated sources as saying that Amazon would spend most of the extra $5 billion dollars in growing its network of manufacturing facilities and data centers and beefing up its online marketplace to contest with local e-commerce degrees Flipkart, Snapdeal and PayTM.
Thus CRB Tech reviews that the news is still to be confirmed.