REPORT: Amazon Opens Its Largest Campus Yet
As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by Bloomberg:
Amazon.com Inc. today opened its largest campus building globally in the south Indian city of Hyderabad as it prepares for a furious expansion and battle with nemesis Walmart Inc. in one of the world’s fastest-growing retail markets.
The Seattle-headquartered company is making an ambitious push in India, the last major retail frontier still primarily reliant on small-scale neighborhood and mom-and-pop stores. “E-commerce is so small in India relative to the total consumption, less than 3%,” said Amit Agarwal, Amazon’s country manager for India.
The largely untapped country is critical to the global domination plans of both Amazon and Walmart, the latter of which spent $16 billion last year to buy India’s biggest startup, retailer Flipkart Online Services Pvt. Amazon founder Jeff Bezos has so far pledged $5.5 billion for its India operations.
Built in Hyderabad over three years, the new campus is Amazon’s first owned building outside of the United States, spans 1.8 million square feet of office space, or about 50 times the footprint of the Taj Mahal’s mausoleum. It will accommodate 15,000 workers. “The largest buildings in Seattle house about 5,000 employees,” remarked John Schoettler, vice president of Amazon’s Global Real Estate and Facilities. He said the campus was Amazon’s largest in the world but has plenty more room to grow.
“This facility will build services globally,” Agarwal added, citing examples like AWS, Kindle, Alexa, Amazon.in and Amazon Home Services, which is “innovating on things like doorstep pick-up and electronics repair.”
At the same time as it’s inaugurating its new Indian hub, Amazon is investing on other fronts within the nation. It is in negotiations to buy a 10% stake in one of India’s largest brick & mortar retailers, Future Retail, people familiar with the matter have said. Local media have also reported that Amazon is eager to add food delivery to its Indian repertoire and is negotiating with multiple food companies to kick-start that line of business.
Amazon opens its largest campus in the world in India, where it’s battling Walmart for online shopping supremacy https://t.co/sKun97phRX
— Bloomberg (@business) August 25, 2019
To get more information about this article, please visit Bloomberg. To weigh in, leave a comment below.
DML News App offered you the above aggregated article preview as part of our ongoing effort to educate and inform people around the world about news, events, and politics. We encourage you to obtain additional information by visiting Bloomberg
Trending on DML News App
- BREAKING: Saudi-led coalition reports evidence indicating who’s to blame for oil plant attacks
- BREAKING: Dog The Bounty Hunter, 66, ‘suffers heart emergency’
- BREAKING: State of New York takes major action to get their hands on Trump’s tax returns
- REPORT: Transgender Worker Gets Fired After Telling Conservative Customer To ‘Get The F*ck Out’
- POLL: Should Kavanaugh sue the New York Times?
- BREAKING: NASCAR champ, 61, dies in plane crash near Rhode Island
- REPORT: Lindsey Graham makes vow amid calls for Kavanaugh impeachment
- VIDEO: The moment Christie Brinkley falls and breaks her arm, ending role on DWTS
- BREAKING: High school friend challenges story of Kavanaugh accuser Christine Blasey Ford
- REPORT: Fisherman catches strange, ‘dinosaur-like’ creature [PHOTO]