FDI in e-commerce to benefit ecosystem: Amazon

Written By Unknown on Sabtu, 07 Juni 2014 | 08.11

Amit Agarwal, country manager and vice president, Amazon says that the next-day delivery guarantee accounts for almost 60 percent demand that the company receives.

We offer customers the largest selection of products and attempt to deliver it to them almost immediately, says Amit Agarwal, country manager and vice president, Amazon on what makes the company different from its peers.

Speaking to CNBC-TV18, Agarwal says that the next-day delivery guarantee accounts for almost 60 percent demand that the company receives.

Also read: India may announce foreign investment in e-commerce: Source

"More than 2075 products can be delivered with the next-day guarantee and more than 60 percent of our demand is eligible for that premium guarantee with the vast selection of products that are buyable on the website and with the overall experience of shopping," he adds.

On the future of e-commerce in India, Agarwal says the sector is only in its early stages of evolution and will continue to see many more players and formats.

On the expectation that FDI restriction in e-commerce will be eased, Agarwal says FDI  in the sector will benefit the ecosystem.

"It will allow us to source directly from small and medium manufactures that are unable to sell through the other retail businesses. That increases choices for consumers, that increases overall traffic and sales for the SME products."


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