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This article was first published 9 years ago

Narayana Murthy plans India JV with Amazon

June 27, 2014 13:44 IST

Image: Narayana Murthy
Photographs: Courtesy, Infosys Abhirup Roy

Infosys Ltd co-founder N.R. Narayana Murthy is close to entering into an e-commerce joint venture in India with Amazon.com Inc through his investment firm, Catamaran Ventures, The Economic Times reported.

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Narayana Murthy plans India JV with Amazon

Image: A worker collects items to pack into boxes at Amazon's logistics centre in Graben near Augsburg.
Photographs: Michaela Rehle/Reuters

Catamaran confirmed the planned venture with Amazon Asia, the business daily reported on Thursday. 

Amazon and Catamaran were not immediately available for comment. 

Narayana Murthy plans India JV with Amazon


Photographs: Reuters

Catamaran will hold a 51 percent stake in the business, as required under India's foreign direct investment rules, the newspaper reported, citing sources.

Narayana Murthy plans India JV with Amazon


Photographs: Reuters

Murthy built up Infosys into one of India's top outsourcing service companies.

He stepped down as executive chairman of the company earlier this month.

Source: REUTERS
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