Indian e-commerce cos to invest $1.9b on infrastructure by 2020

NEW DELHI, Aug 19: Buoyed by the growing popularity of online shopping in India, the e-commerce market, which is expected to reach $ 20 billion by 2020, will see companies investing close to $ 2.0 billion in logistics, infrastructure and warehousing in the next six years, a study said today. According to a joint study by consultancy firm PwC and industry body ASSOCHAM, Indian e-commerce industry will spend $ 950-1,900 million by 2017-2020 on infrastructure, logistics and warehousing.     — PTI