Amazon is ready to make a big bet on Indian e-commerce in India

Amazon is prepared to make an Indian ecommerce company a bigger player, sources said on Wednesday.

The move could be a major step towards Amazon’s ambitions in the country, which was recently ruled by Prime Minister Narendra Modi.

The Amazon-backed Indian eCommerce portal, which launched in the US and Canada in May this year, had already attracted over 100 million visitors in its first six months, and is expected to surpass 500 million in the coming weeks.

The company, which has offices in the United States, Australia and Canada, is also considering expanding its presence in India, sources told The Hindu.

Amazon, which is based in Seattle, is India’s largest e-retailer and the second largest online retailer after Alibaba.

The Indian eShop has attracted more than 40 million visitors since the portal launched in January.

“Amazon wants to take Indian e commerce and online retail to the next level,” a source said.

“India has a huge potential for the company to make money, but the growth is still very slow and is not enough for Amazon to go for big in the market.”

Amazon did not respond to a request for comment.