Amazon India country head Amit Agarwal said the US online retail giant is focusing on the growing grocery business, a segment where large corporations are alleged to be a threat to small storekeepers.
“Our ambition is to have the largest wallet share of customers for grocery purchases,” Agarwal said in an interview in New Delhi on Tuesday. Food and grocery is the largest portion of India’s retail market and organised retailers including e-commerce companies have headroom to expand.
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He said Amazon plans to achieve its goal through a combination of formats including Amazon Fresh and Amazon Pantry and delivery of daily items from brick-andmortar outlets of partner retailers More, Future Group.
Source: Economic Times
