Competition and Industry News
Amazon pumps in Rs 2,800 crore into India unit after its exit from Chinaedit
Online retail giant Amazon has stepped up its investment in India and pumped in Rs 2,800 crore into its marketplace. The fresh investment comes at a time when the Seattle-headquartered firm has signed off from China. In December last year, Amazon invested Rs 2,200 crore into its Indian entity.
Publication: Business Standard
Date: June 7, 2019
AmazonCSR: Reducing air pollution by way of designedit
Air pollution is a growing health peril and severe global concern. The situation in North India is most alarming, with 9 of 10 of the world most polluted cities situated there. One peril is burning of rice straws, a residue from harvesting rice that widely aggravates pollution and smog.
Publication: The CSR Journal
Date: June 6, 2019
IKEAIndia To Oppose Global Ecommerce Rules At The G-20 Ministerial Meet In Japanedit
India will maintain its stance on not framing global rules on ecommerce at the G-20 Ministerial meeting on trade and digital economy at Tsukuba City, Japan. It will also be Piyush Goyal’s first international engagement as the newly appointed commerce & industry minister.
Publication: Inc42
Date: June 6, 2019
E-commerceHow India’s small e-commerce companies survive and thrive amid the Alibabas and Amazonsedit
The ongoing digital transformation in India is expected to push up India’s total internet user base to 829 million by 2021 from 560.01 million as of September 2018. The Indian e-commerce market is expected to grow to US$ 200 billion by 2026 from US $38.5 billion as of 2017. India’s internet economy is expected to double from US$125 billion as of April 2017 to US$ 250 billion by 2020, majorly backed by ecommerce. The E-commerce industry in India witnessed 21 private equity and venture capital deals worth US$ 2.1 billion in 2017 and 40 deals worth US$ 1,129 million in the first half of 2018.
Publication: YourStory
Date: June 7, 2019
E-commerce