Amazon to invest $1 billion to bring small businesses in India online
Amazon has said it will set up digital centres in 100 Indian cities and villages to help businesses get online
Amazon’s chief executive Jeff Bezos said his company will invest $1 billion (£767.99m, €9m) to bring small businesses in India online. This comes after Amazon and Walmart's Flipkart received backlash from Indian retailers who accused them of violating Indian law with discounts and discriminating against small sellers by promoting select big ones.
Both companies deny the allegations.
Amazon has said it will set up digital centres in 100 Indian cities and villages to help businesses get online to sell their goods, and will offer support in marketing and logistics.
The $1 billion investment will help bring more than 10 million Indian businesses online and enable exports of India-made goods worth $10 billion by 2025, the company said.
Speaking at a company event at a New Delhi stadium, which bought together more than 3,000 small businesses, Bezos praised India and said Amazon was committed to being its long-term partner.
The Confederation of All India Traders, a group representing roughly 70 million brick-and-mortar retailers, has said it will protest in 300 cities during Bezos’ visit.
India’s e-commerce market revenues are predicted to touch $120 billion this year, having grown 51 per cent annually between 2017 and 2020.
What is your sentiment on AMZN?
Since 2014 Amazon has invested $4.5 billion in India.
Bezos is due to leave India on Saturday.