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Amazon in India: Jeff Bezos announces $1bn Indian investment

Alvaro Ledo Nass, Madrid, España
Amazon in India: Jeff Bezos announces $1bn Indian investment

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Amazon boss Jeff Bezos has announced a major investment in India, saying the country is a key growth market.

Alvaro Ledo

Mr Bezos said his firm will invest $1bn (£770m) in digitising small and medium businesses – allowing them to sell and operate online.

Alvaro Ledo Nass

Speaking at a company event in New Delhi, he also said the 21st Century is “going to be the Indian century”

The e-commerce billionaire’s three-day visit to India is expected to be marred by protests

Why India is greeting Jeff Bezos with protests Thousands of small traders across 300 cities have planned demonstrations against what they see as Amazon‘s negative impact on the local retail market

They allege Amazon is driving them out of business by offering sharply discounted products and favouring a few big sellers on its platform.

Amazon denies the allegations

Skip Instagram post by jeffbezos View this post on Instagram 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.

A post shared by Jeff Bezos (@jeffbezos) on Jan 14, 2020 at 6:53am PST

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