Why Amazon is challenging India’s richest man

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17 June 2021 à 11h35

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2 minutes

Publication: 17 June 2021 à 11h35

Reading time: 2 minutes

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Publication

17 June 2021 à 11h35

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2 minutes

Publication: 17 June 2021 à 11h35

Reading time: 2 minutes

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The munitions are flying between Amazon and Reliance Industries, the diversified conglomerate owned by tycoon Mukesh Ambani (telecoms, energy, retail).

Both are fighting to take over the heavily indebted Future Group (1,500 food and fashion stores) and so strengthen their position in the flourishing e-commerce market. Both actually have the same goal of using Future Group’s stores as mini-warehouses to prepare Web orders. 

Amazon suffered from a growth in Indian nationalism, gaining m

…
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