Amazon will invest $1 billion to digitise small Indian businesses: Jeff Bezos - Hindustan Times
close_game
close_game

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

New Delhi | ByReuters
Jan 15, 2020 01:21 PM IST

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.

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.

Jeff Bezos, founder and chief executive officer of Amazon.com Inc.(Bloomberg via Getty Images)
Jeff Bezos, founder and chief executive officer of Amazon.com Inc.(Bloomberg via Getty Images)

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.

Elevate your career with VIT’s MBA programme that has been designed by its acclaimed faculty & stands out as a beacon for working professionals. Explore now!

See more

Get latest updates on Petrol Price along with Gold Rate , Today Weather and Budget 2024 at Hindustan Times.

SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Sunday, July 14, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On