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Wal-Mart, Amazon Plan To Invest Over Rs 2,000 Crore In India

January 23, 2016: 12:00 AM EST
Retailer Wal-Mart Stores, Inc. and online retailer Amazon plan to invest more than Rs 2,000 crore to build their respective networks and expand their shares of India’s retail market. Expected to reach over $1 trillion in size in 2020, India’s retail sector will see Amazon investing Rs 1,696 crore in its Amazon Seller Services business. This raises Amazon’s total investment in the business to about Rs 4,800 crore. Wal-Mart Stores will invest Rs 360 crore to expand its lineup of wholesale stores in the country.
Sagar Malviya, "Retail giants Amazon, Walmart to invest more than Rs 2,000 crore in India", Economic Times, January 23, 2016, © Bennett, Coleman & Co. Ltd.
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