, Inc. (AMZN)’s Drone Delivery Is Not Possible in India: Dennis Berman

0, Inc. (NASDAQ:AMZN) is reported to be soon launching its Drone product delivery program in India where users will be able to order products online and get them in less than thirty minutes. Experts have different opinions about this step by, Inc. (NASDAQ:AMZN) because such a service will be practiced in India for the first time and there is a high risk .Dennis Berman of The Wall Street Journal and Jon Fortt discussed this report in a program on CNBC. Berman said that it’s not possible for, Inc. (NASDAQ:AMZN) to launch this program in India because there are several operational problems in the country.

Amazon, is AMZN a good stock to buy, China, Alibaba Group, Shanghai free trade zone,

“I do think they are a little bit ahead of themselves, doing it in India has all sorts of problems, I don’t think that it’s really going to be feasible over a next few years, they are ahead of themselves, it’s going to be five, ten years even before it truly happens,” said Berman.

Jon Fortt disagreed with Berman and said that there is a great opportunity for, Inc. (NASDAQ:AMZN)  to cease the Indian markets with this step.

“Here is what’s great about doing it in India, India does not have the same kind of transportation that you see some other places where, Inc. (NASDAQ:AMZN)  has already got operations in terms of streets, in terms of addresses even, so a drone, that’s may be delivering to something ordered by a mobile device can make sense,” said Fortt.

Fortt said that payment systems can be a problem for, Inc. (NASDAQ:AMZN) in India because most of the population prefer cash on delivery because there is a very less usage of credit cards in the country. Amazon will have to figure out a complete, easiest and secure payment system with its drone program in India.

Bill Miller of Legg Mason Capital Management is one of the top shareholders of, Inc. (NASDAQ:AMZN), having 327,232 shares of the company so far.

Disclosure: None

Suggested Articles:

Most Expensive Specialty Crops

Countries With Lowest Tax Rates