A $170 billion retail bounty is at stake! If Mukesh Ambani drew first blood by signing a $3.4-billion deal to buy several retail assets of the Future Group, Amazon struck legally by mounting a credible challenge before global arbitration panels and Indian courts. But there is no victor in sight yet.
Amazon.com Inc is considering a nearly $100 million investment in India's pharmacy chain Apollo Pharmacy, facing up to Reliance Industries Ltd and Tata Group in the country's fast-growing drug market.
Amazon has obtained a stay on Future’s sale to Reliance from an Emergency Arbitrator in Singapore. Legal experts say this order has no legal force in India. The matter is now before the Delhi High Court. The final decision in this matter could have a bearing on foreign investment sentiment.
The Amazon Web Service Cloud project will ensure higher levels of data localisation and security in India and could pave the way for the country to emerge as a major cloud storage destination. This could open up economic opportunities worth tens of billions of dollars.
Consumption demand is expected to revive for the e-commerce sector in India this festive season. This could do for Indian tech companies what the 2002-04 SARS pandemic did for Chinese internet firms.
Kirana stores are increasingly finding themselves in a tug of war with domestic and international e-commerce giants pulling at either end in a bid to access market dominion.
The fight to dominate India’s $700-bn retail market gathers intensity as Reliance acquires its nearest rival, leaving Amazon far behind. Even as there is speculation of Walmart buying a minority stake in Reliance Retail, the market is awaiting Bezos’ next move with bated breath.
Airtel Cloud will build an AWS Cloud Practice supported by AWS Professional services.