Amazon CEO dispels fears on slower spending, to invest heavily in India

Amazon CEO dispels fears on slower spending, to invest heavily in India

Pens and paper with the Amazon logo are seen at the logistics center in Brieselang, Germany November 17, 2015. REUTERS/Hannibal Hanschke

Amazon.com Inc. will continue investing heavily in India, the chief of its local operations said, dispelling concerns of slower spending by the US e-commerce company after its chief financial officer Brian Olsavsky said last week that while the India investments were starting to show results, they had hit margins, contributing to lower-than-expected results in the third quarter.

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