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With $1 billion in a year, team India is just fabulous: Amazon CEO Jeff Bezos

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BANGALORE: India has surpassed the highest expectations for Amazon, the company's founder and CEO Jeff Bezos said, promising to keep the money tap open for a business that he announced has sold goods worth more than $1 billion (Rs 6,000 crore) in just over a year of operations.

"We had very high expectations and this team has blown past our highest expectations... It's going extraordinarily well," said Bezos, 50, who is making his second visit t ..

Read more at:
With $1 billion in a year, team India is just fabulous: Amazon CEO Jeff Bezos - The Economic Times
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Yes, I read this yesterday. He is very happy with India's business and planning to expand it.

our money being shipped to overseas and Indians rejoicing here, that great.:hitwall:

You are looking at it wrong. There wouldn't be any money here (related to ebay) if the company's branch was not launched here. Agreed that the profits are going overseas. Of course they will, the owner is a foreigner. But think about the jobs ebay has created and its investments in India. This increases India's economy as well.
 
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Yes, I read this yesterday. He is very happy with India's business and planning to expand it.



You are looking at it wrong. There wouldn't be any money here (related to ebay) if the company's branch was not launched here. Agreed that the profits are going overseas. Of course they will, the owner is a foreigner. But think about the jobs ebay has created and its investments in India. This increases India's economy as well.

yeah, a handful of jobs and $ billions sent abroad
 
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Though it is early days(1 billion USD worth of goods sold is peanut for an online market)for Amazon,India needs to have its own e-commerce platform that is capable of competing with foreign vultures as soon as possible。
 
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Though it is early days(1 billion USD worth of goods sold is peanut for an online market)for Amazon,India needs to have its own e-commerce platform that is capable of competing with foreign vultures as soon as possible。

We have some of our own. They are rising fast as well. Whether they will overtake ebay or not, I can't say. But yes, a good share of e-commerce business is Indian.

yeah, a handful of jobs and $ billions sent abroad

Bhai, whatever it is. It is still helping India get some money isn't it?
 
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Though it is early days(1 billion USD worth of goods sold is peanut for an online market)for Amazon,India needs to have its own e-commerce platform that is capable of competing with foreign vultures as soon as possible。

Flipkart, Snapdeal, India Times Shopping, Rediff Shopping.

For Fashion- Myntra, Jabong,
 
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our money being shipped to overseas and Indians rejoicing here, that great.
Untill we have manufactuing in India, either way Flipkart (who sells chinese products ) or amazon who sells (American Made In China products), the money is going to go overseas.
 
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