Amazon chief Bezos to invest $1bn in digitizing small businesses in India

Author: 
Reuters
ID: 
1579070623296403400
Wed, 2020-01-15 06:32

NEW DELHI: Amazon.com Inc. will invest $1 billion in digitizing
small- and medium-businesses in India and expects to export $10
billion worth of India-made goods by 2025, its founder Jeff Bezos
said on Wednesday.
Speaking at a company event in New Delhi, Bezos also said he feels
the 21st century is “going to be the Indian century.”
“The dynamism, the energy … the growth. This country has
something special and it’s a democracy,” Bezos said.
Amazon has committed $5.5 billion in India investments and sees the
country as a key growth market.

Just landed in India and spent
a beautiful afternoon paying my respects to someone who truly
changed the world. “Live as if you were to die tomorrow. Learn as
if you were to live forever.” – Mahatma Gandhi. pic.twitter.com/xDXAT9cBgf

— Jeff Bezos (@JeffBezos)
January 14, 2020

Bezos’ visit, however, is likely to be marred by protests across India from small
business owners who allege Amazon is driving them out of business
by offering sharply discounted products and favoring select big
sellers on its platform. The company denies the allegations.

 

Main category: 

Alibaba undercuts Amazon in Europe to woo wary brandsUK regulator
to further probe Amazon-Deliveroo deal
Source: FS – All-News-Economy
Amazon chief Bezos to invest bn in digitizing small businesses in India