Categories: Business

Amazon India signed an agreement with Indian Railways to boost delivery

Amazon India has engaged with the Railway of India to boost its delivery services in the country. Through this partnership, Amazon India will be able to transport packages on more than 110 inter-city routes, ensuring one to two-day delivery for its customer. Amazon began working with the Indian Railways in 2019. The company has increased its transportation lanes five-fold, it said.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

About the Amazon India:

  • Amazon is one of the enablers for the company to offer 1-day and 2-day delivery promises to customers in the hinterlands of the country. It is now working with Railways in more than 110 inter-city routes.
  • Amazon India ferries customer packages to cities and towns such as Jharsuguda, Ratnagiri, Kurnool, Nanded, Bareilly, Bokaro, and Rudrapur among others.
  • Amazon will pay a monthly rent of about Rs 3.57 crore, with periodic rental escalation, for a lease tenure of 21 years and six months. The lease agreement includes a rent-free period of 24 months, with a lock-in period of 15 years from the lease commencement date.

Important Takeaways for All Competitive Exams:

  • Amazon Founder: Jeff Bezos;
  • Amazon CEO: Andy Jassy;
  • Amazon HQ: Seattle, Washington, United States;
  • Amazon Formed: 5 July 1994.

Find More Business News Here


Sumit Arora

Recent Posts

IPL 2025 Schedule: BCCI Announces IPL Schedules for 2025, 2026, and 2027 Seasons

The Board of Control for Cricket in India (BCCI) has made a bold and significant…

11 hours ago

Which District of Madhya Pradesh is Famous for Rang Panchami Festival?

Madhya Pradesh, a state rich in culture and traditions, celebrates many colorful festivals. One of…

11 hours ago

Ustad Bismillah Khan Yuva Puraskar For 2022 and 2023

The Ustad Bismillah Khan Yuva Puraskar (UBKUP) is a prestigious award instituted by the Sangeet…

12 hours ago

Top 10 Most Sustainable Economies in 2024: India’s Position Explained

The Sustainable Trade Index 2024, jointly published by the Hinrich Foundation and IMD, highlights the…

12 hours ago

Who is Known as the Frontier Gandhi?

The title "Frontier Gandhi" refers to Khan Abdul Ghaffar Khan, a prominent leader from British…

13 hours ago

India Hosts First Global Cooperative Conference in 130 Years

India will host the International Cooperative Alliance (ICA) Global Cooperative Conference in New Delhi from…

14 hours ago