Jeff Bezos, founder and CEO of Amazon has arrived in India, dressed in an Indian attire. He took to Twitter to reveal that he paid his regards at a memorial dedicated to Mahatma Gandhi and also shared a video of the same.
He is on a three-day visit to India where he will be attending a company event in New Delhi and also likely to meet senior government officials. As Jeff Bezos comes to India, thousands of small traders across 300 cities have planned protests, claiming that the company is distorting local retail market.
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Ashok Kumar Gupta, India’s antitrust chief, has said that big e-commerce companies in India should not offer deep discounts which can potentially hurt and small-scale brick and mortar retailers in India.
Hundreds and thousands of small brick-and-mortar retailers, led by the Confederation of All India Traders (CAIT), have planned a countrywide protest against the company. CAIT has also accused Amazon and Flipkart of violating India’s foreign investment rules but the companies have denied the allegations.
During the event, Jeff Bezos said that the company will use its global footprint to export $10 billion worth of ‘Make In India’ goods by 2025. He also stated that Amazon is going to invest $1 billion in digitising the small and medium businesses in India. Amazon has committed $5.5 billion in India investments and sees the country as a key growth market.
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