Kolkata : Tata Sons Chairman Emeritus Ratan Tata said e-commerce is one of the areas where is he looking to personally invest because of its “good potential” as a large proportion of the country’s consuming public do not have the required access to goods.
Tata, however, refused to comment specifically about any investments in e-retalier Snapdeal.
He said, “I do not think it is fair to comment on that.” “I plan to do personal investments and looking into a variety of areas to do that and e-commerce is one of them,” he said.
The USD 3 billion Indian e-commerce market is witnessing aggressive competition from global giants as well as home-grown players. Led by increasing Internet penetration and youngsters shopping online, India’s e-commerce market has seen huge growth in the past few years.