00:35 GMT17 April 2021
Listen Live
    Get short URL

    New Delhi (Sputnik): Amid nation-wide protests from small and medium business (SMB) owners in India, the CEO of US-based e-commerce giant Amazon Jeff Bezos has made two major announcements in New Delhi.

    On Wednesday, Jeff Bezos kick-started the Amazon conclave called "Smbhav" in the Indian capital, putting all dicey speculations around his appearance at the event to an end.

    In addition to the $5 billion that Amazon has invested in the country in the past years, Bezos announced an incremental investment of $1 billion to empower SMBs in the country with digital means.

    In addition, Bezos also revealed that with its global footprint, Amazon will export $10 billion worth of "Made in India" goods.

    Amazon Chief Jeff Bezos in India
    © Sputnik
    Amazon Chief Jeff Bezos in India

    Make in India is the flagship programme launched under Prime Minister Narendra Modi. The policy envisions encouraging companies to manufacture in India. Amazon had earlier said that the Make in India programme connects with its “mission to transform how India buys and sells products”.

    Speaking at the two-day summit being held in the Jawaharlal Nehru Stadium in New Delhi, Bezos predicted that the "21st century is going to be an Indian century" while emphasizing that the Indo-US alliance would be the most important one in this period.

    The Amazon Chief facilitated the Infosys Co-Founder NR Narayanamurthy at the event and also awarded top entrepreneurs in three categories – Women entrepreneur of the year, Tanvi Johri; Global SMB of the Year, Vahdam Teas, and Digital SMB of the year, Playshifu.

    The Amazon founder is on a two-day visit to India, to attend events organised by the company for small scale industries.

    His visit comes at a time when the e-commerce giant is facing protests from trade unions in India over “predatory pricing”.

    On 14th January, Praveen Khandelwal, Confederation Of All India Traders Secretary-General, said that Amazon and Flipkart are in violation of FDI norms in India, and urged business tycoons including N R Narayana Murthy and  Kishor Biyani not to attend the two-day Amazon meeting in New Delhi on 15 and 16 January.


    Amazon Calls for Users to Uninstall Product PayPal Just Paid $4 Billion for, Citing ‘Security Risk’
    Small-Scale Traders in India Plan Protests Against Amazon Founder Bezos Across 300 cities – Reports
    India Will Greet Amazon CEO Jeff Bezos With Protests Against Alleged Unethical Trade Ways
    Jeff Bezos, Amazon, New Delhi, India
    Community standardsDiscussion