'Will invest USD 1 billion in digitising Indian SMBs': Amazon CEO Jeff Bezos
New Delhi | Jagran Business Desk: Amazon will invest USD 1 billion (more than Rs 7,000 crore) in digitising small and medium size business in India, Chief Executive Jeff Bezos said at a summit on Wednesday. He added that the e-commerce giant will use its global footprint to export USD 10 billion worth of Make in India goods by 2025. The Amazon's SMBhav summit which mainly focuses on discussions around how technology adoption can enable small and medium businesses (SMBs) in the country, he stated.
The e-commerce giant has committed $5.5 billion in India investments and sees it as a key growth market.
Bezos also stated that the India-US alliance will be the most important in 21st century. "The 21st century would be about the bilateral relations between the US and India," he said. “The dynamism, the energy ... the growth. This country has something special and it’s a democracy,” he added.
"Amazon aims to make delivery of all its products in India plastic-free by June," Bezos claimed.
Praising Amazon CEO Jeff Bezos for his comment software major Infosys founder Narayana Murthy said, the responsibility of making that prediction come true rests squarely on our shoulders.
"The only way it can become India's century is if the country becomes economically powerful, and the only way India can become economically powerful is if per capita revenue productivity goes up from current $2,000 or Rs 1,40,000 to somewhere three to four times, or ideally five times," he said.
Bezos visit to India comes at a crucial time as the Competition Commission of India has ordered an enquiry into the business practices of the US-based e-commerce majors Amazon and Walmart which owns Flipkart. The Chief Executive of the world's largest e-commerce company is expected to meet top government, business leaders and SMBs.
Posted By: James Kuanal