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Amazon, the global e-commerce major has been planning to enter the food retailing sector in India with investing plan of $515 million over the next 5 years.
Harsimrat Kaur Badal, the Food Processing Industries Minister has confirmed the company’s investment plans and said that Metro Cash&Carry has also shown interest in food retailing.
Amazon, back in January, filed its application with the Department of Industrial Policy and Promotion (DIPP). The online players Grofers and Big Basket have also filed FDI proposals regarding retail trading of food items.
