By Simon DolanPublished November 17, 2018 13:29:49The largest tech firms are eyeing logistics and distribution services to help them build their online presence in India, as they look to expand their reach in the country that accounts for almost half the global internet traffic.
With the launch of its India unit, Amazon has moved from being a logistics company to one that can supply logistics to major corporations like Coca-Cola, Microsoft, Microsoft India, and others, said its chairman, Jeff Bezos, in an interview on Tuesday.
The Seattle-based e-commerce giant, which has invested in logistics and warehousing, is now looking to expand its presence in logistics.
Amazon has a logistics unit in Bangalore, where it has a warehouse.
Amazon India, which it acquired in 2014, is currently building a warehouse in Hyderabad, where its logistics operation is located.
Amazon is also looking to set up a logistics office in India as it looks to expand the company’s footprint, said a person familiar with the matter.
The growth of logistics companies in India is a big deal for Amazon.
The company has been aggressively expanding its footprint in the Indian market, which accounts for nearly half of the global web traffic, and its growth has been driven by an expanding ecosystem of online services.
Amazon’s India division is one of the few that has a presence in Delhi and Bangalore.
The division has offices in Hyderaben and Hyderabad and has been working with logistics companies and logistics services to develop a global footprint in logistics, said an Amazon spokesperson.
The company has already started to set offices in Bangalore and Hyderabeno, said the spokesperson.
Amazon is also in talks with several logistics companies to set their logistics operations up in India.
“We have a number of logistics and logistics service providers who have been working in India for quite a while.
They have built the infrastructure,” said the person familiar.”
They have invested a lot of money in the infrastructure and we are also investing in it,” said Bezos.
“We are hoping to get them in India very quickly.
We have done a lot to build an ecosystem for the logistics in India and we have got great feedback from the logistics companies.”
Amazon has said that it is looking to scale up its operations in the world’s second-biggest economy, where the Indian population is estimated at 545 million.
The firm has already invested in building warehouses and warehouses infrastructure in India to build up its presence there.
India is home to about 80% of the world economy.
Amazon has set up its logistics unit to serve the needs of companies like Coca Cola, PepsiCo, Coca-Mart, and Walmart, as well as the likes of Walgreens and Rite Aid, in India where it owns more than 40% of its shares.
India’s IT sector is also growing, with companies like Infosys, Wipro, and Infosha all expanding their business in India recently.
Amazon, which was acquired by Amazon in 2014 for $ Amazon.com, is the second-largest online seller in India behind Amazon Prime, according to research firm IDC.
The biggest Indian companies in the supply chain have been investing heavily in logistics infrastructure in recent years.
In 2016, the global logistics and warehouse sector accounted for more than $1.6 trillion, while logistics services accounted for nearly $824 billion, according a report by global logistics services company Tracxn.