City
Epaper

Amazon to invest $1 Bn in India to support small and medium-sized businesses in India

By Lokmat English Desk | Published: January 15, 2020 1:24 PM

Amazon CEO Jeff Bezos revealed that Amazon is all set to invest $1 Bn in India to support small ...

Open in App

Amazon CEO Jeff Bezos revealed that Amazon is all set to invest $1 Bn in India to support small and medium sized businesses. The announcement was made during the Amazon Sambhav event, which is being held at the JLN Stadium, New Delhi. Bezos, during his interaction with Amazon India Head Amit Agarwal told that the investment will digitise Indian SMBs and will help them to export goods valuing over $10 bn worldwide by 2025. "The 21st century is going to be India's century he added. Jeff who is in India for a two-day flagship event is expected to meet Prime Minister Modi and other government officials to ease out regulatory challenges in the country.

On Tuesday, Amazon CEO Jeff Bezos visited the Mahatma Gandhi memorial in Delhi as he paid his respects to the Father of the Nation. He posted a video where he is seen in a white kurta and an orange half jacket, carrying a wreath of flowers. After placing the flowers, he folded his hands to pray before walking away. Just landed in India and spent a beautiful afternoon paying my respects to someone who truly changed the world. “Live as if you were to die tomorrow. Learn as if you were to live forever." tweeted Bezos on Twitter. His visit to India comes at a time when the country's anti-trust body Competition Commission of India said it is looking into alleged unfair practices by Amazon and Walmart's Flipkart.

Tags: Jeff BezosamazonNew Delhimodi
Open in App

Related Stories

NationalNew Delhi: Gogi Gang Member Stabbed in Tihar Jail, Fir Lodged

NationalNew Delhi: Fire Breaks Out at Eye Hospital in Lajpat Nagar

NationalLok Sabha Elections Results 2024: BJP Prepares for Post-Victory Celebrations with Roadshow from PM's Residence to Party Office

NationalNew Delhi Railway Station Alert: Suspected Objects Found in Garbage Area, No Explosive Threat Detected, Police Says

NationalNew Delhi: 22-Year-Old Wanted ‘Lady Don’ Arrested by Delhi Police

कारोबार Realted Stories

BusinessIndia's first Metro stretch to be upgraded with aluminum third rails

BusinessHealth Minister JP Nadda directs to upgrade drugs, medical devices to world-class

BusinessWill work hard to provide an ideal life for elderly, disabled: Rural Development Minister

BusinessUnlock USD 50,000 in Rewards with BitDelta Trade-a-Thon

BusinessLeading Digital Marketing Company in Usa ARK Marketing Pro LLC: Leading the Way in Digital Marketing Innovation