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Business Standard
2 days ago
- Business
- Business Standard
India to be key driver of our long-term growth: Amazon's Samir Kumar
India is expected to become one of the largest contributors to Amazon's long-term growth, its country head Samir Kumar said on Wednesday, adding that the e-commerce giant is doubling down on its focus in the market, where it is investing billions of dollars. India is still not as deeply penetrated in terms of online consumption and therefore, presents a "very large opportunity" for Amazon, Kumar, who is now helming operations here as the Country Manager of Amazon India, told PTI in an interview. It is pertinent to mention that Amazon has committed to significant investment in its India infrastructure, about ₹ 2,000 crore for 2025 alone. It has previously outlined a broader investment pledge of $ 26 billion by 2030, with close to $ 15 billion between 2023 and 2030. Kumar said India is among the fastest-growing markets for the company. "And we are a big believer that in the long run, India will be one of the biggest contributors to our growth," Kumar said, but did not give a timeframe. India is still not deeply penetrated in terms of consumption, he said, adding that while users are online, buying products and watching videos, there is a huge headroom for growth when it comes to online shoppers. "...not everyone is shopping online. If you look at just mobile phone penetration, maybe it is close to a billion people, who have mobile phones, but only 100 million plus of them are shopping online. So, the next 200 million (that the company is aspiring to reach) are going to be part of that," he pointed out. As the economy grows, and so does consumption, and as GDP per capita rises, India is poised to have "many more consumers who will value the convenience of shopping online", Kumar noted. "We have seen this phenomenon around the world. So, we have a very large opportunity still remaining in India. We have 1.4 billion people," he said. The company has set its sights on what Kumar describes as a broader 'Bharat', living in tier 2, 3 cities and beyond. "Let's take a good chunk of that and make sure that they are able to come online, shop online, get the best value, and get the fastest delivery possible. And with that, I believe there's a big opportunity. So, beyond the tier one cities, there's a huge opportunity in 'Bharat', which is like tier 2, 3 cities, where we are seeing very deep penetration now starting to happen," he said. For Amazon, part of that optimism also comes from Prime Day sales indicators. "In fact, if you look at the Prime Day performance that we just concluded, almost 70 per cent of new Prime customers or Prime members came from these smaller cities. If you look at our sellers who participated in Prime Day, almost 60 to 75 per cent of them got a sale from the smallest town and city. So, I think India is growing," he said. Kumar declined to give a breakdown of India numbers, but said it is "definitely one of our fastest growing markets, continues to be". "And we continue to see the growth of India," he said. Amazon is "happy" with the progress that it has made so far, but believes "there's so much to be done". "We are very, very long-term focused," he asserted. Asked how macroeconomic realities, and the trade and tariffs tensions between India and the US are impacting exporters on its platform, Kumar refused to comment on specifics, saying "I am not an expert on tariffs". "...what we building a frictionless and really smooth experience for our sellers, whether it's building the middle mile or the global mile capability for people to take their item and be able to distribute it around the world. "So, we are building that capability. Making it easier for sellers to list their products in one place and go through the regulatory and compliance requirements in each of the marketplaces that we run. So, we are enabling that," he said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Economic Times
2 days ago
- Business
- Economic Times
India will be among biggest contributors to our growth in long run: Amazon's Samir Kumar
Agencies Samir Kumar, Country head, Amazon India India is expected to become one of the largest contributors to Amazon's long-term growth, its country head Samir Kumar said on Wednesday, adding that the ecommerce giant is doubling down on its focus in the market, where it is investing billions of dollars. India is still not as deeply penetrated in terms of online consumption and therefore, presents a "very large opportunity" for Amazon, Kumar, who is now helming operations here as the country manager of Amazon India, told PTI in an interview. It is pertinent to mention that Amazon has committed to significant investment in its India infrastructure, about Rs 2,000 crore for 2025 alone. It has previously outlined a broader investment pledge of $26 billion by 2030, with close to $15 billion between 2023 and 2030. Kumar said India is among the fastest-growing markets for the company."And we are a big believer that in the long run, India will be one of the biggest contributors to our growth," Kumar said, but did not give a is still not deeply penetrated in terms of consumption, he said, adding that while users are online, buying products and watching videos, there is a huge headroom for growth when it comes to online shoppers."...not everyone is shopping online. If you look at just mobile phone penetration, maybe it is close to a billion people, who have mobile phones, but only 100 million plus of them are shopping online. So, the next 200 million (that the company is aspiring to reach) are going to be part of that," he pointed the economy grows, and so does consumption, and as GDP per capita rises, India is poised to have "many more consumers who will value the convenience of shopping online", Kumar noted."We have seen this phenomenon around the world. So, we have a very large opportunity still remaining in India. We have 1.4 billion people," he company has set its sights on what Kumar describes as a broader 'Bharat', living in tier II, III cities and beyond."Let's take a good chunk of that and make sure that they are able to come online, shop online, get the best value, and get the fastest delivery possible. And with that, I believe there's a big opportunity. So, beyond the tier I cities, there's a huge opportunity in 'Bharat', which is like tier II, III cities, where we are seeing very deep penetration now starting to happen," he said. For Amazon, part of that optimism also comes from Prime Day sales indicators. "In fact, if you look at the Prime Day performance that we just concluded, almost 70% of new Prime customers or Prime members came from these smaller cities. If you look at our sellers who participated in Prime Day, almost 60 to 75% of them got a sale from the smallest town and city. So, I think India is growing," he declined to give a breakdown of India numbers, but said it is "definitely one of our fastest growing markets, continues to be"."And we continue to see the growth of India," he is "happy" with the progress that it has made so far, but believes "there's so much to be done"."We are very, very long-term focused," he how macroeconomic realities, and the trade and tariffs tensions between India and the US are impacting exporters on its platform, Kumar refused to comment on specifics, saying "I am not an expert on tariffs"."...what we building a frictionless and really smooth experience for our sellers, whether it's building the middle mile or the global mile capability for people to take their item and be able to distribute it around the world. "So, we are building that capability. Making it easier for sellers to list their products in one place and go through the regulatory and compliance requirements in each of the marketplaces that we run. So, we are enabling that," he said. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Regulatory gray area makes investing in LVMH, BP tough For Indian retail How IDBI banker landed plush Delhi properties in Amtek's INR33k crore skimming As 50% US tariff looms, 6 key steps that can safeguard Indian economy Jane Street blow pushes Indian quants to ancient Greek idea to thrive Stock Radar: Astra Microwave showing signs of bottoming out after 16% fall from highs; time to buy? F&O Radar | Deploy Broken Wing in Paytm to play stock's bullish outlook These 9 banking stocks can give more than 28% returns in 1 year, according to analysts Why 2025 Could Be The Astrological Turning Point We've Been Waiting For
Time of India
2 days ago
- Business
- Time of India
India will be among biggest contributors to our growth in long run: Amazon's Samir Kumar
Academy Empower your mind, elevate your skills India is expected to become one of the largest contributors to Amazon 's long-term growth, its country head Samir Kumar said on Wednesday, adding that the ecommerce giant is doubling down on its focus in the market, where it is investing billions of is still not as deeply penetrated in terms of online consumption and therefore, presents a "very large opportunity" for Amazon, Kumar, who is now helming operations here as the country manager of Amazon India , told PTI in an is pertinent to mention that Amazon has committed to significant investment in its India infrastructure, about Rs 2,000 crore for 2025 alone. It has previously outlined a broader investment pledge of $26 billion by 2030, with close to $15 billion between 2023 and said India is among the fastest-growing markets for the company."And we are a big believer that in the long run, India will be one of the biggest contributors to our growth," Kumar said, but did not give a is still not deeply penetrated in terms of consumption, he said, adding that while users are online, buying products and watching videos, there is a huge headroom for growth when it comes to online shoppers."...not everyone is shopping online. If you look at just mobile phone penetration, maybe it is close to a billion people, who have mobile phones, but only 100 million plus of them are shopping online. So, the next 200 million (that the company is aspiring to reach) are going to be part of that," he pointed the economy grows, and so does consumption, and as GDP per capita rises, India is poised to have "many more consumers who will value the convenience of shopping online", Kumar noted."We have seen this phenomenon around the world. So, we have a very large opportunity still remaining in India. We have 1.4 billion people," he company has set its sights on what Kumar describes as a broader 'Bharat', living in tier II, III cities and beyond."Let's take a good chunk of that and make sure that they are able to come online, shop online, get the best value, and get the fastest delivery possible. And with that, I believe there's a big opportunity. So, beyond the tier I cities, there's a huge opportunity in 'Bharat', which is like tier II, III cities, where we are seeing very deep penetration now starting to happen," he Amazon, part of that optimism also comes from Prime Day sales indicators."In fact, if you look at the Prime Day performance that we just concluded, almost 70% of new Prime customers or Prime members came from these smaller cities. If you look at our sellers who participated in Prime Day, almost 60 to 75% of them got a sale from the smallest town and city. So, I think India is growing," he declined to give a breakdown of India numbers, but said it is "definitely one of our fastest growing markets, continues to be"."And we continue to see the growth of India," he is "happy" with the progress that it has made so far, but believes "there's so much to be done"."We are very, very long-term focused," he how macroeconomic realities, and the trade and tariffs tensions between India and the US are impacting exporters on its platform, Kumar refused to comment on specifics, saying "I am not an expert on tariffs"."...what we building a frictionless and really smooth experience for our sellers, whether it's building the middle mile or the global mile capability for people to take their item and be able to distribute it around the world."So, we are building that capability. Making it easier for sellers to list their products in one place and go through the regulatory and compliance requirements in each of the marketplaces that we run. So, we are enabling that," he said.
Arab Times
16-07-2025
- Business
- Arab Times
Kuwait and India strengthen civil aviation ties with new MoU
NEW DELHI, India, July 16: The Directorate General of Civil Aviation (DGCA) of Kuwait, led by its President Sheikh Humoud Mubarak Humoud Al-Sabah, held official talks on Tuesday in New Delhi with Indian civil aviation authorities headed by Samir Kumar, Secretary at the Indian Ministry of Civil Aviation. The meeting, held in a cordial and constructive atmosphere, reflected the commitment of both countries to strengthening bilateral cooperation in the civil aviation sector. Sheikh Humoud told KUNA that the talks fall within the framework of joint efforts to enhance aviation ties and address shared objectives. Discussions focused on exchanging technical expertise, reviewing recent developments in the air transport market, and exploring strategies to align the civil aviation sector with evolving passenger needs and future challenges. A key outcome of the meeting was the signing of a new memorandum of understanding (MoU), aimed at advancing mutual interests and supporting the air transport markets of both nations. The agreement includes provisions that promote connectivity, operational efficiency, and sectoral growth. Both sides commended the longstanding and friendly relations between Kuwait and India, reaffirming their mutual interest in expanding cooperation across various domains of civil aviation. Present at the talks were Kuwaiti Ambassador to India Meshal Mustafa Al-Shemali, Chairman of Kuwait Airways Abdulmohsen Al-Faqan, Chairman of Jazeera Airways Marwan Boodai, alongside representatives from Kuwait's Ministry of Foreign Affairs and a technical delegation from the DGCA.
India Gazette
10-07-2025
- Politics
- India Gazette
Man accused of writing forged PMO letter to Secretary of Dept of Justice gets bail
By Dhiraj Beniwal New Delhi [India], July 10 (ANI): A Rouse Avenue court has granted bail to a man accused of writing a forged PMO letter to the Secretary, Department of Justice, Government of India. This letter was written under the signature of a Special Officer to the PM. However, no such post exists in PMO, the investigation revealed. It was alleged that through this letter, the representation of the accused was forwarded to the Chief Justice of India (CJI) to enable him to constitute an inquiry against three Supreme Court judges. Chief Judicial Magistrate (CJM) Deepak Kumar granted bail to S V Srinivasa Rao on July 8. The accused was summoned by the court after cognisance of the charge CBI filed. On April 24, 2025, the court took cognisance of the charge sheet filed against. He was summoned to appear before the court. He was not arrested during the investigation. While granting the bail, the court noted that the accused was not arrested during the course of investigation and the instant charge sheet has been filed without arresting him. The court noted, 'Moreover, he appeared before this court on summons being issued to him in the first instance. In view of the same, no purpose is going to be served by remanding him to judicial custody at this stage.' 'Consequently, instant application stands allowed and accused/applicant is admitted to bail on his furnishing of personal bond in the sum of Rs. 50,000 with one surety of the like amount,' the CJM ordered on July 8. Advocate Amrita Sharma, counsel for the accused, submitted that he has duly cooperated during the investigation and that he was not arrested. The charge sheet has been filed without arresting him and thus he be admitted to bail. The CBI had registered a case under Sections 466, 471, 474 IPC, on the basis of a written complaint of 29.05.2019 made by P.K. Issar, Assistant Director, PMO. It is alleged in the complaint that a forged letter under the signature of Samir Kumar, Special Officer to the PM, was issued when no such designation existed in the PMO. It is further alleged that through the forged letter, the representation of August 11, 2016 of the accused Rao was allegedly forwarded to the Secretary, Department of Justice, Government of India for sending the same to the CJI, so as to enable him to constitute a committee and to inquire into the allegations against the three judges of the Supreme Court of India on priority and render justice to the complainant. It is also averred that whereas the genuine letter of PMO written on August 18, 2016, was issued under the signatures of Samir Kumar, Section Officer, PMO, had forwarded the letter/gist of oral representation to the Secretary, Department of Justice, Government of India for action as appropriate. During the investigation, it has transpired that a petition of August 11, 2016, was sent by the complainant to the PMO for investigation regarding the high corruption of three judges of the Supreme Court of India and 22 judges of the Karnataka High Court. Investigation further revealed that the same was forwarded to the Secretary, Department of Justice, Government of India under the signatures of Samir Kumar, Section Officer, for action as appropriate. It is also stated that the Investigation also revealed that on receipt of online petition/ representation of August 11, 2016 of the accused by the then Under Secretary, Department of Justice, Government of India, it was further forwarded to the Supreme Court of India on 28.09.2016 with the request that the representation may be placed before the CJI, for such action as deemed appropriate. Investigation further revealed that the accused, through a letter written on January 8, 2019, had requested the PMO to provide information under the RTI Act, 2005, in respect of the letter of August 18, 2016, and he had enclosed a copy of the forged letter. While taking cognisance of the CBI charge sheet on April 24, the court said, 'There are clear and categorical findings in the final report against the accused regarding the commission of offences for which he has been charge-sheeted, the offences punishable under Sections 182/471/474 of IPC. 'Accordingly, in view of the foregoing discussion and material available on record, I take cognisance,' the court said in the cognisance order of April 24, 2025. (ANI)
