Skip to content
Friday, June 5
  • About Us
  • Contact Us
  • Advertise with us
  • Login
  • Add Post
  • Account
  • Dashboard
International Media News

International Media News

International Media News

International Media News

International Media News

  • Home
  • India
  • World
  • Business
  • Entertainment
  • Sports
  • Editors choice
  • Gallery
    • Image
    • Video-gallery
  • Home
  • India
  • World
  • Business
  • Entertainment
  • Sports
  • Editors choice
  • Gallery
    • Image
    • Video-gallery
Home>>Business>>Amazon Eyeing This Potential $100 Million Investment In India: Report
Business

Amazon Eyeing This Potential $100 Million Investment In India: Report

international media news
December 10, 2020 169 Views0

Amazon.com Inc is considering a nearly $100 million investment in pharmacy chain Apollo Pharmacy, facing up to Reliance Industries and Tata Group in the country’s fast-growing drug market, the Economic Times reported on Wednesday, citing two people aware of the plans. 

Amazon already delivers medicines in India and the potential investment would come amid rising competition from billionaire Mukesh Ambani’s Reliance Industries, which bought a majority stake in online pharmacy Netmeds.

Tata Group, meanwhile, was reportedly in talks to pick up a majority stake in e-pharmacy firm 1mg.

Both Amazon and Apollo Hospitals, which owns Apollo Pharmacy, declined to comment.

The growth of e-pharmacies, however, has left many groups of traders in the country feeling threatened, who say online drugstores can contribute to medicine sales without proper verification and the entry of large players can cause unemployment in the sector.

Amazon’s plan to further expand in India also comes close on the heels of its launch of an online pharmacy to deliver prescription drugs in the US, increasing competition with drug retailers such as Walgreens, CVS Health and Walmart.

Share:

Previous Post

Xinjiang Production and Construction Corp comprises PLA soldiers linked to mass detention of Uighurs

Next Post

Your Take-Home Salary May Reduce From April Next Year

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent News

  • Major blow for team India, Virat Kohli reportedly ruled out of Afghanistan ODI series due to…
  • Governor: Manoj Bajpayee reveals he was ‘very bad at Economics,’ had to learn basics to play an RBI Governor
  • Andhra Pradesh teacher recruitment row: YSRCP alleges ‘mega DSC scam’ and misuse of sports quota; CM Naidu hits back
  • PM Modi, Venezuela’s Acting Prez Rodriguez hold bilateral talks at Hyderabad House
  • Govt set to scrap Capital Gains Tax on FPI investments in G-Secs to woo foreign investors

Latest News

Major blow for team India, Virat Kohli reportedly ruled out of Afghanistan ODI series due to…

international media news
June 5, 2026

Indian cricket fans and the team management have received a significant setback ahead of the three-m

Governor: Manoj Bajpayee reveals he was ‘very bad at Economics,’ had to learn basics to play an RBI Governor

international media news
June 5, 2026

Andhra Pradesh teacher recruitment row: YSRCP alleges ‘mega DSC scam’ and misuse of sports quota; CM Naidu hits back

international media news
June 5, 2026

PM Modi, Venezuela’s Acting Prez Rodriguez hold bilateral talks at Hyderabad House

international media news
June 5, 2026

Latest News

Major blow for team India, Virat Kohli reportedly ruled out of Afghanistan ODI series due to…

international media news
June 5, 2026

Governor: Manoj Bajpayee reveals he was ‘very bad at Economics,’ had to learn basics to play an RBI Governor

international media news
June 5, 2026

Popular Categories

  • India
  • World
  • Business
  • Entertainment
  • Sports

Quick Links

  • About Us
  • Contact Us
  • Advertise with us
  • Login
  • Add Post
  • Account
  • Dashboard
All Rights Reserved © International Media News | Website By - Hurl Technologies Pvt. Ltd. | WordPress Theme Ultra News