Amazon chief Jeff Bezos arrives in India, pays homage to Mahatma Gandhi

Jeff Bezos To Visit India To Discuss Issues With Govt Stakeholders 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.

Bezos is keen to get a first-hand view of India, given its strategic importance to Amazon's operations, one of the persons quoted above said.

The Amazon SMBhav summit focuses on discussions around how technology adoption can enable small and medium businesses (SMBs) in India.

An Amazon executive said the company has amassed over 500,000 sellers in India and thousands of merchants in the country who are selling on 12 Amazon marketplaces around the world.

Indian brick-and-mortar traders allege Amazon and Flipkart violate the country's foreign investment rules and burn billions of dollars to offer steep discounts that hurt smaller traders.

Bezos and Agarwal did not address the protests or the antitrust probe.

The trade group alleged that the two companies give big discounts and more prominent listings to those sellers, many of which they control or have a stake in.

"In the last 24 months, Amazon has poured in more than half a billion dollars into its Indian payment business alone".

The Competition Commission of India (CCI) launched a formal investigation into Amazon and Flipkart just hours before Mr Bezos' arrival and trader bodies comprising millions of infuriated small store owners announced demonstrations.

While it's possible that Amazon had front-loaded its investment for the country, thus entailing less capital expenditure from here on out, Ross believed that India's new e-commerce policy was to blame.

The new round of protests today are one of several the trade group has organized in recent years.

Six years later, and Amazon is very close to doing so, but Bezos is facing a decidedly more frosty welcome this time around. Retailers described the probe as the first step "towards victory" in their battle against predatory pricing of e-commerce players.



Latest news

Greta Thunberg calls on Siemens to review Australia coal project
More than 10 million hectares (25 million acres) - larger than the U.S. state of IN - have been destroyed by the raging fires. But it has the staunch backing of Australian Prime Minister Scott Morrison.

Ranked doubles player Farah tests positive
Cabal is free to find a new partner in Melbourne this week ahead of the start of next week's Australian Open . He adds that the levels cited were "incredibly low" and didn't provide a "performance-enhancing benefit".

Josh Jacobs named PFWA's Offensive Rookie of the Year
Bosa was stellar in his first playoff appearance in the Divisional Round on Saturday, sacking Kirk Cousins twice during the 27-10 win.

Tonight's Final Two Episodes of the "Crisis on Infinite Earths" Crossover
EPISODE PENNED BY MARV WOLFMAN & MARC GUGGENHEIM - Stuck in the Vanishing Point, the Paragons search for a way to escape. The first three episodes of Crisis On Infinite Earths can be streamed through The CW app.

Brady: No timetable on decision about future plans
With more to prove to himself, Tom Brady really is out to push the limits and hurdle the mountains of the impossible. Tom Brady wants to make one thing clear - he has not decided on his National Football League future just yet.

Other news