Amazon to Launch Audible Service During Diwali in India
E-commerce giant Amazon is set to debut its audiobook and entertainment business Audible in India during the Diwali season, as reported by familiar sources.
The company has already announced a six-book deal with India's most renowned English author, Chetan Bhagat as a part of which it will publish these books globally in print, eBook and audio formats, with the first title expected to be out in October 2018.
Meanwhile, Amazon is also looking for a reduction in GST on ebooks before it can go ahead with locally produced Audible books narrated by Indians. Interestingly, e-books attract 18% GST compared to none in physical books.
An Amazon spokesperson's said in an email statement as reported by ET,
We are always looking to continue to develop our offerings on behalf of our global me...