Amazon launches online pharmacy in India

Online retail giant Amazon has launched an online pharmacy in India.

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

Amazon Pharmacy will debut in Bangalore and may be trialled in other Indian cities.

The move comes as the online drug business got a big boost during the coronavirus pandemic.

This year the US tech giants have invested billions of dollars in the Indian economy.

The Amazon Pharmacy service offers traditional, over-the-counter, and prescription Ayurvedic medications as well as basic healthcare devices.

“This is especially important in current times as it will help customers meet their essential needs while staying safe at home,” an Amazon spokesperson said.

Amazon began its move to pharmaceutical retail in 2017. The following year it bought US-based drug startup PillPack for home delivery.

Late last year, the company introduced the Amazon Pharmacy brand to the PillPack service.

In January, Amazon trademarked the Amazon Pharmacy name in the UK, Australia and Canada.

The move was seen as a sign that the company was set to significantly expand its prescription drug business outside the United States.

Billions of US technology

In recent months India has seen billions of dollars of investment from US tech giants.

Earlier this year, Amazon CEO Jeff Bezos pledged to make major investments in India.

Speaking at a corporate event in New Delhi in January, he said the 21st century “will be the Indian century”.

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

In May, Amazon entered the India meal delivery business with a four-part trial of Banglore.

Last month, Google became the latest major American player to invest in the digital business of Indian conglomerate Reliance Industries.

Alphabet-owned search engine agreed to pay $ 4.5 billion for a 7.7% stake in Jio Platforms.

Reliance billionaire owner Mukesh Ambani said the two companies will develop phones for 4G and 5G networks.

Also in July, Google said it will invest approximately $ 10 billion in India over the next 5-7 years, joining a roster of new Jio investors that includes Facebook, Intel and Qualcomm.

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