#Marketwire is a quick round-up of notable business movements. This segment features news from Indian Government, Rakuten and Amazon India.
Government’s Central Purchase Arm Planning to Launch its Own e-Marketplace
The government’s central purchase arm is conceptualising a platform called Government e-Marketplace (abbreviated as GeM). The portal will enable Government Officials to make routine office purchases. In addition to goods, the portal will also offer services of mass procurement of flowers to adorn the desks of officers and booking of taxis for official pickups and drops.
Directorate General of Supplies and Disposals, an organisation that was set up in 1860 is leading the project. “Procurement is not a social welfare project, the government has to save money on it,” said a senior government official aware of the plans. Read More
Infibeam’s Sachin Dalal Appointed as Rakuten’s India Head
Japanese eCommerce gaint Rakuten hires Infibeam’s Sachin Dalal to head its India’s operations. Dalal was the co-founder of Infibeam and handled operations and product at Infibeam. He has around 13 years of experience in eCommerce technology & operations, large scale distributed systems and payments systems.
Dalal who joined Rakuten earlier this month, will be putting together a team to compete other players in the market. Rakuten is likely to start its marketplace operations next year in India. The India expansion comes at a time when the Tokyo-based company is taking exits from its Singapore, Malaysia, and Indonesia marketplaces. Read More
Amazon will be Investing Additional $3 billion in its Indian Arm
Amazon, the world’s largest online retailer will be investing additional $3 billion in India, company CEO Jeff Bezos announced. This takes US giant total investment commitment in the country to $5 billion (company announced $2 billion investment in 2014).
It was clear right from the start that Amazon’s entry to India will be coupled with its firepower and home grown ecommerce players are still giving it a tough fight. India’s e-commerce space continues to grow, and is estimated by Morgan Stanley Research to be worth $119 billion by 2020.
Amazon is spending aggressively on discounts, advertising, logistics and other things to achieve its ambition of becoming the largest e-commerce company in India. Apart from its marketplace business part of the investment will also go in building out its web services unit in India. Read More