Source: Business Insider
Amazon CEO Jeff Bezos announced the retail giant will invest $1 billion towards “digitizing small and medium businesses” in India. Bezos said during the announcement on Wednesday that the most importance alliance of this century is going to be between India and the United States. His arrival in India was met by protesters who claim Amazon is driving small retailers out of business by undercutting them on price. Visit Business Insider’s homepage for more stories. Amazon chief executive Jeff Bezos is currently on a trip to India and says he’s betting big on the country, even as thousands of local protesters wave placards saying: “Jeff Bezos Go Back!” During a fireside chat on Wednesday at an Amazon India’s event in New Delhi, CEO Jeff Bezos announced a $1 billion investment into India on Wednesday. Bezos said the investment will be geared towards “digitizing small and medium businesses,” and that by 2025 Amazon aims to exporting $10 billion worth of Indian goods. “I wanna make a prediction for you,” Bezos added. “I predict the 21st century is going to be the Indian century.” “I’ll make one more prediction for you, in this 21st century the most important alliance is going to be the alliance between India and the United States.