Amazon is betting big on India, and the company’s reported talks with investment banks is a proof

Amazon is preparing to spin off its India operations and list the entity on Indian stock exchanges, according to two sources with direct knowledge of the matter. The e-commerce giant has initiated discussions with investment bankers in India while also consulting with JP Morgan, its Wall Street partner.

“Amazon has started discussions with bankers and is looking to spin off and list in India. The biggest reasons are data localisation and, more importantly, it can directly have inventory here,” a source told YourStory. According to the sources, who requested anonymity due to the private nature of the discussions, Amazon invited 8-10 investment banks last week for preliminary talks with top officials from both India and the US.