Chinese ecommerce giant Alibaba is reportedly setting up its first office in India in Mumbai.
The office will be located at the commercial Bandra-Kurla Complex (BKC) in Mumbai, according to a report.
US e-commerce giant Amazon also has its office in the same complex.
Girish Shah, Director at The Wadhwa Group which owns the Platina building, confirmed the development.
“They are one of the most exciting and thriving ecommerce companies that have come to India, and we’re glad to provide them with 3,221 sq ft of a highly professional set-up, at a competitive rental rate, here in BKC.”
Alibaba has been operating in India since 2007. The marketplace had around 6 Mn registered Indian buyers and sellers, as of early 2016. In May 2015, through its marketplace AliExpress, Alibaba entered the Indian ecommerce market.
The rent of the building is expected to be a little over Rs 1 crore per month.
Alibaba’s decision to open the office could imply that the competition in e-commerce sector in India is likely to get even more fierce.