wordpress blog stats
Connect with us

Hi, what are you looking for?

Amazon Gets FIPB Nod For Setting Up Courier Service In India

The Foreign Investment Promotion Board (FIPB) has approved Amazon’s proposal of setting up a wholly owned subsidiary (WoS) in the country to undertake the business of online market place operator and retailer inter-alia courier services. This approval will allow Amazon to bring in foreign investment up to Rs 15 crore in order to set up its own courier service. More significantly, this could also pave the way for the company to setup its own logistics operations for retailers who are onboard Junglee.com.

In January, Amazon had made its much anticipated entry into the country through Junglee.com which was positioned as an “Advertising service” but was essentially a price comparison engine that aggregates similar products from different retailers at a single place.

The company also had recently set up its first fulfillment centre in Mumbai, India as noted by Reuters and has had few software development centres in Bangalore, Chennai and Hyderabad from quite a long time. While, we still don’t know if the company has a plan in place to launch as an independent e-retailer, since multi – brand FDI in retail was put on hold by the Indian government, setting up its own logistics will give Amazon an edge over smaller players when it eventually does.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like


In a lawsuit filed on Wednesday, social media platform Parler has claimed that Amazon Web Services (AWS) has used its position to stifle competition...


The chipmaker Intel has now launched a facial recognition solution, which the company says will work with smart locks, access control, point-of-sale devices, ATMs...


The Department for Promotion of Industry and Internal Trade (DPIIT) has forwarded complaints against Amazon and Flipkart, made by traders body Confederation of All...


The Competition Commission of India has sought information from sellers body AIOVA on the alleged preferential treatment that Amazon gives to certain large sellers,...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ