Jeff Bezos also observed that in terms of alliances, the 21st century would be about the bilateral relations between the US and India
New Delhi: Amazon CEO Jeff Bezos predicted that the 21st century is “going to be the Indian century”, and he announced investments worth over $1 billion to small businesses in the nation. The tech mogul, who is on a three-day visit to India, also spoke on the “dynamism and energy” in India.
“I have predicted that the 21st century is going to be the Indian century,”. Bezos said speaking at a company event in New Delhi.
Amazon has announced $1 billion worth investment for digitizing small and medium businesses in India. Jeff Bezos, who is in New Delhi for the Sambhav summit, also said Amazon will use its global footprint to export ‘Make in India’ goods worth $10 billion by 2025.
“The dynamism, energy, and growth. India has something special and it’s a democracy,” said billionaire Jeff Bezos.
Jeff Bezos also observed that in terms of alliances, the 21st century would be about the bilateral relations between the US and India.
Bezos’s visit to India comes at a crucial time as the Competition Commission of India has ordered an investigation into the business practices of the e-commerce majors Amazon and Flipkart.
Praveen Khandelwal, Secretary-General of the Confederation of All India Traders (CAIT)said: “We want Indian e-commerce market free from all defects, unhealthy and unfair business practices, and till the central government takes any action, our national protest will continue,”.
Thousands of small traders across 300 cities have planned agitation against his visit, claiming the firm is distorting the local retail market.
Amazon has committed $5.5 billion in Indian investments and sees the nation as a key growth market.
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