New Delhi: Amazon.com Inc founder Jeff Bezos on Wednesday said his company will use its global footprint to export $10 bln worth of Make in India goods by 2025.
In a chat with Amazon India country head Amit Agrawal on the first of the two-day summit for small and medium enterprises (SMEs) Smbhav organised by Amazon in the national capital, Bezos said the global online retailer will invest $1 billion in digitising India’s small and medium businesses.
The announcement is significant as the retailer is battling protests by small and medium businesses that have accused the company of unfair trade practices, including use of deep discounts and giving preference to select sellers to capture market share.
The Competition Commission of India (CCI) has ordered a probe into alleged competition law violations by Amazon and Walmart-owned Flipkart over the above mentioned allegations.
Bezos announces $1 billion investment in digitizing small and medium business in India. "We are doing this now because it is working. And when something works you should double down on it," he said.
Smbhav is a collaborative event for small and medium businesses and will see the participation of senior industry executives, while Amazon’s top executives such as Amit Agarwal are scheduled to address small business owners over collaborating with the online retailer's products, services and platforms.
Bezos also said Amazon aims to make delivery of all its products in India plastic-free by June.