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Amazon continues heavy investment in India

According to a top company executive, the global e-commerce giant Amazon is going to continue to invest “very heavily” in Indian market, encouraged by its strong sales numbers and expanding seller base.

Brian T Olsavsky, Amazon Senior Vice President and CFO said that the US based company saw sales quadruple during the festive season (pre-Diwali sales) compared to last year.

He said that “We’re really encouraged with what we are seeing, both on the customer side and the seller side. On the customer side, active customer accounts are up 230 per cent year-over-year”.

“We are in the middle of the Diwalin season that is going really well. Sales are 4x what they were last year.”

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