Thu. Apr 15th, 2021
Amazon launches online pharmacy in India - The Trending Updates

Online retail giant Amazon has launched an online pharmacy in India, marking its entry into the country’s online medicine market.

Amazon launches online pharmacy in India

Amazon Pharmacy will make its debut in Bangalore and it’s going to be trialled in other Indian cities.

The move comes because the online drugs business has been given a serious boost during the coronavirus pandemic.

Amazon launches online pharmacy in India

This year US technology giants have invested billions of dollars within the Indian economy.

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The Amazon Pharmacy service offers prescription, over-the-counter and traditional Ayurveda medication also as basic health devices.

“This is especially relevant in present times because it will help customers meet their essential needs while staying safe reception ,” an Amazon spokesperson said.

Amazon started its enter pharmaceutical retailing in 2017. the subsequent year it bought US-based home delivery medications startup PillPack.

At the top of last year, the corporate introduced its Amazon Pharmacy branding to PillPack’s service.

In January, Amazon filed to trademark the name Amazon Pharmacy within the UK, Australia and Canada.

US tech billions

In recent months India has seen billions of dollars of investment by US technology giants.

Earlier this year, Amazon’s chief executive Jeff Bezos pledged to form major investments in India.

Speaking at a corporation event in New Delhi in January, he said the 21st Century is “going to be the Indian century”.

Amazon has set ambitious plans for expansion within the world’s largest democracy, where it’s invested some $6.5bn (£5bn). Like rival US retailer Walmart, it sees major growth potential within the fast-growing economy.

In May, Amazon entered India’s meal delivery business with an attempt in four parts of Banglore.

Last month, Google became the newest big American player to take a position in Indian conglomerate Reliance Industries’ digital business.

The Alphabet-owned program agreed to pay $4.5bn for a 7.7% stake in Jio Platforms.

Reliance’s billionaire owner Mukesh Ambani said the 2 companies would develop phones for 4G and 5G networks.

Also in July, Google said it might invest about $10bn in India over subsequent five to seven year, joining an inventory of latest investors in Jio that has Facebook, Intel and Qualcomm.

  • Amazon India to Launch Online Drug Store, Starting With Bengaluru

Amazon India to Launch Online Drug Store, Starting With Bengaluru

Amazon said on Friday it’ll launch a web pharmacy in India which will serve the town of Bengaluru, the newest move by the e-commerce giant to widen its reach during a key growth market.

The service, “Amazon Pharmacy”, will offer both over-the-counter and Drug-based drugs, basic health devices and traditional Indian herbal medicines, the company said during a press release , without giving a timeline for the launch.

The move comes amid increasing competition in India with rivals Walmart-owned Flipkart, billionaire Mukesh Ambani’s upstart online grocery service JioMart and a spread of other smaller players.

Last month, the corporate decided to open 10 new warehouses in India and begin offering auto insurance. Amazon had also secured approval for alcohol delivery in one Indian state, Reuters reported in June.

India is yet to finalise regulations for online drug sales, or e-pharmacies, but the expansion of several online sellers like Medlife, Netmeds, Temasek-backed PharmEasy, and Sequoia Capital-backed 1mg has threatened traditional drug stores.

The companies have said they suits all Indian laws whilst many trader groups still protest against e-pharmacies, saying that might cause sale of medicines without proper verification.

The group will raise objections against Amazon’s move with the govt , he said

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