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Jeff Bezos signs deals for possible stake in future retail of Kishore Biyani

Nabanita Dutta

News Editor

To make its presence even stronger in India, Amazon.com.Inc has signed a deal that allows it to buy the stakes in India's Future Retail Ltd. Friday the shares of Future Retail Ltd fell as much as 8.1%. This tie-up will be a huge boost for Amazon's dream to expand big in the country. According to the experts, India's modern retail market will more than double to $188 billion by 2023 from last year's $79 billion.