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Narayana Murthy plans India JV with Amazon

June 27, 2014 13:44 IST

Image: Narayana Murthy
Photographs: Courtesy, Infosys

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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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.

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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.

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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.

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Narayana Murthy India Amazon

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