Amazon opens its largest global office in India amid continuing investment

Ben StevensCompanies News

Amazon has opened its biggest global office in India as it earmarks $5 billion to drive expansion in the growing and increasingly digitally focused market.

Amazon India’s new headquarters stands 282ft tall, includes 49 elevators travelling a floor per second and houses more than 15,000 employees.

Its new office, the biggest in its entire global estate, is situated in the India’s southern tech hub of Hyderabad and stands to represent the retailer’s commitment to growth in the country.

READ MORE: Amazon to invest millions in 2nd Indian company this month

Bisen said the Hyderabad campus “is a signal to the government that ‘we are increasing our base in India and we are making sure there is a lot of India that is built into Amazon’s global story'”.

Ankur Bisen of Delhi-based consulting firm Technopak told AFP that the office “is a signal to the government that ‘we are increasing our base in India and we are making sure there is a lot of India that is built into Amazon’s global story'”.

In August the ecommerce giant set its sights on two major acquisitions in India as it sought to establish a solid foothold in the region where its key rival Walmart, which purchased Indian ecommerce retailer Flipkart for $16 billion last year, currently dominates.

Amazon was reported to be eyeing a 26 per cent stake in Reliance Retail, India’s biggest retailer, in early August.

Amazon is understood to have been eyeing the bricks-and-mortar retailer since February, but was encouraged to make an approach after talks between Reliance and Alibaba fell through.

READ MORE: Reliance Retail could sell Amazon 26% stake as the retailer pushes into India

Should the deal go ahead, Amazon will have access to 10,600 stores across India as well as access to the Jio telecoms platform.

Weeks later Amazon purchased a 10 per cent stake in India’s second largest retailer Future Retail for 20 billion rupees ($281 million).

The deal will give Amazon access to more than 2000 Future Retail stores across the country, including around 250 of its flagship Big Bazaar grocery stores, which are understood to draw many parallels with Whole Foods Market.

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Ben StevensCompanies News

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