Amazon to Invest $1Bn to Digitize Small Businesses in India: Jeff Bezos

Jan. 15, 2020

On the prospects of the Indian market and entrepreneurs, Bezos on Wednesday said that the 21st century will be the century of India.“I predict that 21st century is going to be the Indian century”, he said adding that apart from the dynamism it has India is a democracy which is a major characteristic of the country. He also observed that in terms of alliances, the 21st century would be about bilateral relations between the US and India.

The Amazon CEO’s India visit comes at a crucial time as the Competition Commission of India (CCI) on Monday ordered an enquiry into the business practices of e-commerce majors Amazon and Flipkart. Also, traders are staging protests across several cities, under the aegis of Confederation of All India Traders (CAIT) protesting against the visit. CAIT has been protesting for the past few months against what it calls “deep” discounts offered by the platforms.

Featured Image Courtesy: IANS (via Twitter)