Amazon India head Amit Agarwal has been elevated to the post of Senior Vice President, Amazon.

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The company confirmed the development in an e-mailed statement.

"This indicates how excited Amazon is about the progress the company is making in India and the opportunity Amazon sees ahead," it added.

The promotion comes within a year of Agarwal's inclusion in a senior leadership team that reports directly to Amazon CEO and President Jeff Bezos. Agarwal will continue to head the India operations.

Amazon, which has committed investments to the tune of $5 billion, remains one of the fastest growing for the US-based e-tailer.

The company faces intense competition in India from local player, Flipkart. The competition is further heating up as Chinese e-tailer Alibaba gears up for a stronger play in India through Paytm.