India's e-commerce sector1 is on the rise.
印度电商行业正在成长。
Given the country's large population and the fact that more and more Indians are getting access to the Internet,
investors3 are keenly eyeing the opportunities.
American
retailer4 Walmart is among those looking to grab a deal in India's online shopping industry.
US
retail5 giant Walmart is understood to be in talks to invest billions of dollars to snap up Bangalore-based Flipkart, the country's homegrown answer to Amazon.
Meanwhile, Softbank is injecting $400 million into India's online retailer Paytm Mall, while China's Alibaba, already an
investor2 is pumping another $45 million into the company.
Suhail Nathani, the managing director of Mumbai based
corporate6 law firm Economic laws Practice says the opportunity for growth in the country's
nascent7 e-commerce industry is enormous.
"The story in India is true for e-commerce as it is for the brick and
mortar8 business, which is just the story of consumption. You have a billion people, half of whom are
aspirational9 in everything they do, they want a better life, better access, better products. For many large companies it's a very important market and a must-win market."
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