Saturday, Apr 27 2024 | Time 01:59 Hrs(IST)
image
Business Economy


Amazon to enhance its storage capacity by 1.5 times in 2018

Bengaluru, Apr 26 (UNI) Amazon India on Thursday announced it was increasing its storage capacity in 2018 by 1.5X over the previous year, as continued investment in its fulfillment infrastructure to match its rapidly expanding business in India.
With the addition of five new Fulfillment Centres (FC), Amazon.in now has 67 FCs in 13 states, with a total storage capacity of over 20 million cubic feet. This includes the recently announced specialized network of 6 FCs for the large appliances and furniture category and another specialized network of 15 FCs to support the AmazonNow business. These new FCs will be set up in Bangalore, Mumbai, Delhi, Vijayawada and Kolkata to support increased customer and seller demand from these regions. All of these fulfillment centres will be fully operational before the festive season of 2018 as Amazon.in continues to be the fastest growing ecommerce company at scale in India the company said in a statement.
“We want to ensure that Indian customers can buy anything, anytime from anywhere in the country. At Amazon, we have been consistently investing in our infrastructure and delivery network, to provide a superior experience to both customers and sellers. With the addition of this expanded infrastructure, we will be able to offer an even better Prime experience to our customers.” said Akhil Saxena, Vice President, Customer Fulfillment, Amazon India.
He added, “The 67 FCs we now have across our fulfillment network will enable tens of thousands of small & medium businesses to fulfil their orders in a cost-efficient manner. We continue to remain committed to long term investment for infrastructure and technology in India that helps create thousands of new jobs, and brings economic growth in these areas, including ancillary businesses such as packaging, transportation and logistics.”
UNI CNR MSP GM1818
More News
Sensex nosedives 609 28 pts

Sensex nosedives 609 28 pts

26 Apr 2024 | 5:26 PM

Mumbai, April 26 (UNI) Snapping a winning streak of last five sessions, the BSE Sensex on Friday, the last session of the week, tanked 609.28 pts to settle at 73730.16 amid mixed global cues.

see more..
Maruti Suzuki net profit surges 48 pc to Rs 3,878 crore in Q4

Maruti Suzuki net profit surges 48 pc to Rs 3,878 crore in Q4

26 Apr 2024 | 5:00 PM

New Delhi, April 26 (UNI) On the back of solid volume growth, the country's largest carmaker Maruti Suzuki on Friday reported 47.80% jump in standalone net profit at Rs 3,877.8 crore for January-March period (Q4) of financial year 2023-24.

see more..

Shriram Finance net jumps 57 pc to Rs 2,021 cr in Q4

26 Apr 2024 | 3:52 PM

New Delhi, April 26 (UNI) Shriram Finance on Friday reported 56.91% year-on-year jump in consolidated net profit at Rs 2,021.28 crore for the January-March period (Q4) of financial year 2023-24.

see more..
Maruti Suzuki gets show-cause notice from Legal Metrology dept

Maruti Suzuki gets show-cause notice from Legal Metrology dept

26 Apr 2024 | 2:39 PM

New Delhi, April 26 (UNI) The country's leading carmaker Maruti Suzuki India on Friday said that it has received a show-cause notice from the Legal Metrology office in Rishikesh, Uttarakhand.

see more..

Onkar Kanwar gets Lifetime Achievement Award

26 Apr 2024 | 2:08 PM

Kochi, April 26 (UNI) Chairman of Apollo Tyres Ltd, Onkar Kanwar, has been conferred with the Lifetime Achievement Award at the All India Management Association (AIMA)’s Managing India Awards ceremony.

see more..
image