Jeff Bezos Indian Tour: Amazon To Invest $1 Billion To Digitise Business In India.

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The world’s richest man Jeff Bezos (Amazon founder and CEO), is on a tour of India. He made a statement that Amazon would use its global reach to export $ 10 billion of ‘Make in India’ products. Amazon, the world’s leading e-commerce company, has also announced an investment of one billion dollars i.e., about 7,000 crore rupees on bringing India’s small and medium businesses and enterprises online (SMB). Bezos also cited the reason for this considerable investment. He said that Amazon was also a small business at some time.

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Jeff Bezos made this announcement while addressing the “Amazon Sambhav” Conference on Small and Medium Enterprises. Bezos said the company will export $ 10 billion of ‘Make in India products by 2025 through its global reach. This two-day conference will discuss how small and medium enterprises can be made aware of technology.

Jeff Bezos arrived at the memorial place of Mahatma Gandhi in the capital Delhi after coming to India on 14th January. Jeff also posted a video of this on his official Twitter account.

 

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Any day is a good day when you get to fly a kite. #ThankYouIndia

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Bezos also said that the 21st century would be the Indian century, and the Indo-US alliance will be the most important. At this time, Amazon allows small Indian manufacturers to sell their goods in 12 markets of the world. Amazon has recently invested Rs 1715 crore in its two Indian units – Amazon Pay India and Amazon Wholesale India.

Traders Protesting Against Bezos Indian Tour

Bezos is facing protests from India’s traders. This protest is about unfair business policies of e-commerce companies like Amazon and Flipkart. Traders say that the policies of Amazon and Flipkart are non-competitive and they want to capture the Indian market.