Amazon India To Expand into Wholesale Supply Business, report says

Posted By:

    If reports are to be believed, Amazon India will make its foray into the Wholesale retail market as the world's largest e-commerce player is inviting small and medium businesses to try out a new website which will go live this week.

    Amazon India To Expand into Wholesale Supply Business, Report Says

    According to a report published in The Economic Times, the pilot service will be first tested in Bengaluru before being offered in other Indian cities, marking the entry of Amazon into wholesale e-commerce. It should be noted that Indian laws allow 100% FDI in wholesale that will help Amazon to expand its operations in this segment without any major hiccups.

    Recommended: Top 10 Best Smartphones with 5 MP Plus Selfie Camera Under Rs 10,000

    Amazon had previously introduced a similar service in the United States called the Amazon Supply, India will be the first country outside the US where the e-commerce giant is offering the service.

    Amazon India To Expand into Wholesale Supply Business, Report Says

    Amazon's entry into the wholesale business in India comes at a time, when Alibaba, the world's largest e-commerce platform, is expected to begin operations in the domestic market in the coming months.

    Amazon will negotiate wholesale rates directly with manufacturers and sell to its members, notes The Economic Times. The publication had earlier claimed that Amazon India would launch a website for business e-commerce in the first half of 2015.

    Recommended: Top 10 Smartphones with 4G LTE Between Rs 6,000 to Rs 15,000

    "We don't have a membership fee to start with, but we will evaluate that later," said Amit Agarwal, Country head at Amazon India.

    Amazon India To Expand into Wholesale Supply Business, Report Says

    He further stated: "The company will seek to onboard online kirana stores, hospitals, schools and home entrepreneurs -- anyone who has a valid business licence."

    Update: Amazon has finally launched, a dedicated portal targeting small business owners and traders in India. So far, has been rolled out in Bangalore.


    Stay updated with latest technology news & gadget reviews - Gizbot

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Gizbot sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Gizbot website. However, you can change your cookie settings at any time. Learn more