RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home News

Amazon just opened its biggest office building — and it’s not in the United States

Rate Captain by Rate Captain
August 23, 2019
in News
Reading Time: 2 mins read
A A
0
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

Amazon just opened its biggest office building in the world in the Indian city of Hyderabad.

The online retail giant’s new campus in the city’s financial district opened on Wednesday. It covers 9.5 acres and has 1.8 million square feet of office space, making it “Amazon’s single largest building in the world in terms of total area,” according to the company.

AlsoRead

How I Lost N200 Billion”: Femi Otedola Reflects on His Biggest Financial Setback

EFCC Arraigns Precious Williams for Alleged N13.8 Billion Ponzi Scheme Fraud

Kenya to Relocate Health Data from U.S. Servers After Trump’s USAID Funding Cuts

The building can accommodate up to 15,000 employees, nearly a quarter of Amazon’s full-time India workforce of more than 62,000. The company also has 155,000 contract workers in the country, making India its biggest base outside the United States.

The Hyderabad campus is the first office outside the United States that Amazon fully owns.

The new Amazon office buildings in Hyderabad can accommodate up to 15,000 employees.

Amazon (AMZN) has poured billions of dollars into its India business in recent years. It is expanding its operations and reportedly looking for stakes in local retailers as it battles Walmartfor an e-commerce market that Morgan Stanley estimates will be worth $200 billion by 2027.

“This new Amazon campus building is a tangible commitment to that long-term thinking and our plans for India,” Amit Agarwal, the company’s India head, said in a statement.

The prize is huge. India has over 600 million internet users, but the majority of its population still isn’t online. Amazon is trying to cash in on that potential by looking to expand its grocery business, creating more Indian content for its Prime Video streaming service and even making its mobile app available in India’s most popular language, Hindi.

“This is Day One for us in India, and we look forward to creating an environment where diverse contributions are welcomed and innovation encouraged for the long term,” John Schoettler, Amazon’s vice president of global real estate and facilities, said in a statement.

The new Hyderabad campus will eventually be expanded to cover 68 acres — roughly the equivalent of 65 football fields, Amazon said. The tech city was Amazon’s first point of entry into India in 2004. It is also home to other big global names, including Microsoft’s(MSFT) India headquarters and Ikea’s first India store.

Tags: CNN
Previous Post

FG to overhaul refineries for three years to drive local production

Next Post

3,891 debtors owe banks above N1bn each

Related News

Otedola acquires 5.52% of Transcorp Plc.

How I Lost N200 Billion”: Femi Otedola Reflects on His Biggest Financial Setback

by Rate Captain
August 22, 2025
0

In a rare moment of vulnerability, billionaire businessman Femi Otedola has shared the story of how he lost nearly N200...

EFCC Launches Task Force to Combat Naira Mutilation and Dollarization

EFCC Arraigns Precious Williams for Alleged N13.8 Billion Ponzi Scheme Fraud

by Victoria Attah
June 17, 2025
0

The Economic and Financial Crimes Commission (EFCC) has charged Precious Williams, a director of Glossolalia Nigeria Ltd and Pelegend Nigeria...

Kenya to Relocate Health Data from U.S. Servers After Trump’s USAID Funding Cuts

by Victoria Attah
June 4, 2025
0

Kenya’s Ministry of Health announced plans to relocate critical health data hosted in the United States to local servers, following...

Leading Banks Struggle with Capital Deficits: Zenith Bank and Others Strive to Meet CBN Standards

Nigeria’s Equities Market Reels as Foreign Investment Plummets Amid Global Tensions

by Rate Captain
May 26, 2025
0

In April 2025, Nigeria’s equities market faced a stark reality check as foreign portfolio investment (FPI) cratered by 92.39%, plunging...

Next Post

3,891 debtors owe banks above N1bn each

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

$26 Billion for unidentified source passed through Binance-Cardoso

CBN Auctions N1.15 Trillion in Treasury Bills as Investors Eye Higher Yields

January 22, 2026
CBN Allows Oil Companies to Resume Dollar Sales to Banks in Effort to Boost Supply.

Five MPC Members Pushed for 50bps Rate Cut in November 2025, CBN Minutes Reveal

January 22, 2026

Popular Story

  • Telecom Sector’s Contribution to Nigeria’s GDP Surges to 16% in Q2 2023, NCC Reports

    NCC Launches Full-Scale Review of Telecom Sector Amid Rising Tariffs 

    0 shares
    Share 0 Tweet 0
  • CBN Auctions N1.15 Trillion in Treasury Bills as Investors Eye Higher Yields

    0 shares
    Share 0 Tweet 0
  • Five MPC Members Pushed for 50bps Rate Cut in November 2025, CBN Minutes Reveal

    0 shares
    Share 0 Tweet 0
  • Naira Edges Higher to N1,419.35 as External Reserves Climb to $45.95 Billion

    0 shares
    Share 0 Tweet 0
  • Gold Surges Past $4,830 as Geopolitical Easing and Fed Tensions Fuel Safe-Haven Demand

    0 shares
    Share 0 Tweet 0
RateCaptain

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>