Amazon CEO Jeff Bezos joins long list of global CEOs to call on Modi | business | Hindustan Times
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Amazon CEO Jeff Bezos joins long list of global CEOs to call on Modi

Modi’s meeting with Bezos assumes significance in the backdrop of the government’s stand on allowing foreign direct investment (FDI) in multi-brand retail.

business Updated: Oct 03, 2014 23:18 IST
HT Correspondent

Jeffrey P. Bezos, CEO of Amazon.com, on Friday met Prime Minister Narendra Modi. “Jeffrey P Bezos, president, chairman and CEO of Amazon.com, called on Prime Minister, Narendra Modi today,” an official release said. It, however, did not give any details of the meeting.

According to sources, the meeting was not pre-scheduled. Bezos, who was on his second visit, has left India.

His meeting with Modi and industry chambers comes at a time, when the e-commerce sector is expanding aggressively in India with a number of homegrown and global companies announcing expansion plans.

Amazon, the world’s largest e-tailer, has announced plans to invest $2 billion in the country.

With 243 million Internet users, the e-commerce segment, currently estimated at $10 billion, is growing at 38% year-on-year according to analysts.

In an interview to HT earlier in the week, Bezos had said, “Every country that we do business in is unique in its own ways. India is very, very unusual...One thing that is super unsual about India is that there are so many small and medium businesses.”

A host of global CEOs including Mitsubishi Corp president Ken Kobayashi, Uniqlo chairman Tadashi Yanai, General Motors CEO Mary Barra, Suzuki Motor Corp chairman Osamu Suzuki, Microsoft CEO Satya Nadella have met Modi recently.

Facebook CEO Mark Zuckerberg is also likely to call on him later this month.

During his recent trip to US, Modi also met heads of top US firms such as PepsiCo, Google, IBM, Boeing and Black Rock.

Modi’s meeting with Bezos assumes significance in the backdrop of the government’s stand on allowing foreign direct investment (FDI) in multi-brand retail. “If the FDI rules (in India) change may be we will be doing many more things for small manufacturers,” Bezos had told HT earlier.