Amazon says to invest $2 billion more in India

Amazon.com Inc will spend an extra USD 2 billion in India as the e-commerce huge ramps up business in the country, the company said on Wednesday, a day later than local opponent Flipkart announced a bright round of backing merit USD 1 billion.

"With this supplementary speculation of USD 2 billion, our team can go on to think big, innovate, and lift the bar for clientele in India. At present level and increase rates, India is on pathway to be our best ever country ever to a billion dollars in gross sales," Chief Executive Jeff Bezos said in a report.

Jeff Bezos

• CEO, Amazon.com
• Age: 50
• Source of Wealth: Amazon.com, self-made
• Residence: Seattle, WA
• Country of Citizenship: United States
• Education: Bachelor of Arts / Science, Princeton University
• Marital Status: Married
• Children: 4

• Profile

  It's difficult to imagine what the profitable side of the Internet would look like without Bezos. The billionaire founder of Amazon, which saw $61 billion in sales last year, is a veteran disruptor in the book, online retail and tablet industries, and now has his sights on fashion, video streaming and old media.