The initiative will bring SMEs online
Jeff Bezos has arrived in India amid controversy surrounding its e-commerce marketplace Amazon. The antitrust probe launched by Indian authorities on the basis of a complaint filed by the small merchants. These merchants are gathering all over the county to protest against the so-called predatory practices by the Amazon. These events have not hampered the enthusiasm of the CEO of Amazon for one of the biggest markets for the company.
At a press conference in Delhi Bezos along with the head of Amazon India, Amit Agarwal informed about the plan of the company to invest $1 billion in India to bring small and medium-size businesses online. The company has already has pumped around $5.5 billion into operations in India.
This investment will bring prosperity to the Indian market
Bezos laid down his vision for the company in India as he emphasized the importance of the Indian Market. He said the company will help export goods of local merchants in abroad markets. This announcement is in line with New Delhi’s make in India policy. All these going to play out well for the company as it is seeing the huge growth of $10 billion by 2025.
In a statement Bezos said. “Over the next five years, Amazon will invest an incremental $1 billion to digitize micro and small businesses in cities, towns, and villages across India, helping them reach more customers than ever before. The initiative will use Amazon’s global footprint to create $10 billion in India exports by 2025. Our hope is that this investment will bring millions of more people into the future prosperity of India and at the same time expose the world to ‘Make in India’ products that represent India’s rich, diverse culture.”