Amazon to invest 1 billion dollars in small and medium businesses in India.
By msdivkar
@msdivkar (23356)
India
January 15, 2020 5:14am CST
Amazon founder and CEO Mr. Jeff Bezos who is in India on 3 day visit to attend a conference on small and medium enterprise development in India, has offered to invest upto $1 billion in Indian small and medium enterprises to help them sell their product on line. He also promised to help them to export their india made products to the tune of $10 billion worldwide by 2025 by using their global footprints.
Besos visit comes amid stringent criticism from owners of small and medium enterprises in India who criticizes the company and flipcart of Walmart of practicing unfair business tactics to promote their product.
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5 responses
@Butterfingers (66603)
• India
15 Jan 20
Sellers will keep criticising but both Amazon and Flipkart are very helpful
2 people like this
@RebeccasFarm (91297)
• United States
15 Jan 20
I hope this will be something useful.
1 person likes this
@josie_ (10033)
• Philippines
15 Jan 20
For every dollar Bezos invest he'll probably get a hundred fold in return. Now that the leading US democratic presidential candidates are thinking about taxing the super rich, it's no coincident rich people like Bezos are looking abroad to put their wealth in tax heaven and countries where gov't officials can easily be corrupted.
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