Amazon has reportedly started talks with India 's Reliance Industries to buy a 26% stake in its retail division. A partnership between the firms could be mutually beneficial as Reliance could use Amazon to expand its consumer and private labels business and connect grocery stores across the country through its telecoms network, Jio . In turn, Reliance Industries could help Amazon gain access to Ambani and to its chain of more than 10,600 stores across India . “Whenever there is any kind of policy intervention needed, to be a partner with Reliance certainly will be a big asset.” Amazon has been looking to expand its share in India 's e-commerce market, which Amazon estimated will more than treble earlier this week .
Amazon has reportedly started talks with India 's Reliance Industries to buy a 26% stake in its retail division. A partnership between the firms could be mutually beneficial as Reliance could use Amazon to expand its consumer and private labels business and connect grocery stores across the country through its telecoms network, Jio . In turn, Reliance Industries could help Amazon gain access to Ambani and to its chain of more than 10,600 stores across India . Amazon has been looking to expand its share in India 's e-commerce market, which Amazon estimated will more than treble earlier this week .