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

Jeff Bezos To Visit India To Discuss Issues With Govt Stakeholders

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.

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.

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