Amazon looks to set up food e-retail venture in India

Amazon looks set to make another major stride in expanding their horizons and are now seeking permission from the Government of India to set up a food e-retail venture in the nation.

The wholly owned venture will see investment of a whopping $500 million and will see Amazon stocking locally produced food items and sell them online. If Amazon does manage to pull it off, they will become the first foreign retailer in India to secure such a deal.

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