On Wednesday, Amazon’s founder and CEO Jeff Bezos said, the world’s largest online retailer will invest $1 billion in digitizing small and medium sized businesses in India and expects to export $10 billion worth of India-made goods by 2025.
Speaking at a company event in New Delhi, Bezos opined the 21st century is “going to be the Indian century.”
He went on to add, “The dynamism, the energy … the growth. This country has something special and it’s a democracy”.
Amazon has already committed to invest $5.5 billion in India and sees the country as a key growth market.
Bezos’s visit to India could be marred by protests with small business owners alleging that Amazon is driving them out of business by favoring big sellers on its platforms and by offering deeply discounted products.
Amazon has denied these allegations.