An application has been filed with the$4 by Amazon.
According to a person with knowledge in this, the company plans to invest $500 million over five years and could start selling locally-produced food items within six months of obtaining approval, the person said.
"We are excited by the government's continued efforts to encourage FDI in India for a stronger food supply chain. We have sought an approval to invest and partner with the government in achieving this vision," an Amazon spokesperson told ET.
Amazon currently operates an online platform on which Indian-owned entities can sell products. $4, the country's largest ecommerce company and $4 also operate such platforms.