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> Amazon to invest $1b in digitizing Yindia SME

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TSlambsauce
post Jan 15 2020, 04:02 PM, updated 6y ago

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NEW DELHI (Jan 15): Amazon.com Inc will invest $1 billion in digitizing 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.

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 favoring select big sellers on its platform. The company denies the allegations.



meanwhile marehsia....
SUSunforg1ven
post Jan 15 2020, 04:26 PM

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Chance for msian to ban yindian goods.. Keke
But I bet amazon money will down to longkang..
pisces88
post Jan 15 2020, 04:27 PM

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Will invest more in india unit trust

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