08-06-2016 09:34 via news.yahoo.com

Amazon's Jeff Bezos bets on India with $3 bn investment

Amazon chief executive Jeff Bezos has pledged to invest $3 billion in India, in a big bet on the growth of online shopping in the fast-growing South Asian economy. Speaking in Washington DC as India's Prime Minister Narendra Modi visits the United States, Bezos told a gathering of business leaders that he saw "huge potential" in India. The investment, announced Tuesday, comes on top of $2 billion Amazon invested in India in 2014, and will boost Modi's campaign to attract foreign cash to create m
Read more »