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Amazon pumping an extra $3B into India

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Two years after announcing an investment of $2 billion in the country, Amazon is pumping an extra $3 billion into India.

"We have already created some 45,000 jobs in India and continue to see huge potential in the Indian economy," CEO Jeff Bezos said.

In India, Amazon faces competition from the likes of Flipkart and Snapdeal.

Read more from CNNMoney.

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