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Home / Business News / Amazon will invest $1 billion to digitise small Indian businesses: Jeff Bezos

Amazon will invest $1 billion to digitise small Indian businesses: Jeff Bezos

Speaking at a company event in New Delhi, Jeff Bezos also said he feels the 21st century is ‘going to be the Indian century.’ Amazon has committed $5.5 billion in India investments and sees the country as a key growth market.

business Updated: Jan 15, 2020 13:21 IST
Reuters
Reuters
New Delhi
Jeff Bezos, founder and chief executive officer of Amazon.com Inc.
Jeff Bezos, founder and chief executive officer of Amazon.com Inc.(Bloomberg via Getty Images)
         

Amazon.com Inc will invest $1 billion in digitising 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.

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 favouring select big sellers on its platform. The company denies the allegations.