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Jeff Bezos bets on 'Indian century', gives MSMEs $1-billion push

Commits to exporting $10 billion India-made goods by 2025

Jeff Bezos

Amazon CEO Jeff Bezos with Amit Agarwal, senior VP & country head, Amazon India, during the Amazon Smbhav event at the Jawahar Lal Nehru stadium in New Delhi | Photo: Dalip Kumar

Neha AlawadhiSubhayan Chakraborty New Delhi Inc Founder and Chief Executive Officer Jeff Bezos said on Wednesday that his company would invest an additional $1 billion (about Rs 7,000 crore) to help bring small businesses online in India, and also committed to using the retail giant’s “size, scope and scale” to export $10 billion of made-in-India goods by 2025.

Bezos’ India visit — for the maiden edition of his firm’s micro, small and medium enterprises (MSME)-focussed event, Amazon Smbhav — comes at a time when the Competition Commission of India (CCI) is probing his company, as well as Walmart-owned Flipkart, on complaints of deep discounting

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First Published: Jan 16 2020 | 1:25 AM IST

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