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Amazon boss Jeff Bezos has announced a major investment in India

2020-01-16 14:58:27

The large investment in India is an investment option that has been raised by Jeff Bezos, the head of Amazon.

Why has the head of Amazon announced a large investment in India?

This billionaire of electronic commerce is in the city of New Delhi, because there is an event of his company these days, where he has explicitly said that the 21st century is going to be the century of India, textual words of Mr. Bezos, because among its plans it is estimated to make a large investment in India that oscillates around 1,000 million dollars, something like about 7670 million pounds sterling, because among its plans is the digitalization of small and medium enterprises, whose objective will be to sell on-line.

These statements made by the head of Amazon have had reactions in this country, because in the opinion of some merchants from at least 300 cities the American company has a negative impact on local retailers, because for them Amazon is only interested in favoring some few large sellers on their platform offering them great discounts, so it is estimated that during these days the businessman is visiting a wave of protest in India.

What were the words of Jeff Bezos about the announcement of the great investment in India?

In the speech he has offered today he has said some words that seem convincing, since he indicates that this country has the capacity to export 1000 million dollars in products manufactured by 2025, committing to invest 5,000 million dollars in this country, because according to his words "dynamism, energy ... growth. This country has something special ... and it is a democracy. ” Although e-commerce is dominated by Amazon that shares a certain part of the market with Flipkart owned by the Walmart retailer, and it is important to make clear that both companies suffered a setback last year, as this was largely due to the new Indian laws that they present some restriction to the minorities in the line of foreign property in relation to the sale of products of the same subsidiaries, being this a foot of bargain for these transnationals.

A challenge for Amazon's investments in India.

Earlier this month, the richest man in Asia has set himself the goal of competing with Amazon in India, because with this he proposes that Mukessh Ambani`s Reliance Indistries allows people to sign up for their grocery delivery service, as This could be the great springboard that this company can use in order to increase its business in India.

In short, the statements by the head of Amazon have not fallen at all pleasant, because the large investment in India, does not represent a favorable aspect for the small and medium companies of this country.

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