Skip to content
Hindi News, हिंदी समाचार, Samachar, Breaking News, Latest Khabar – Pratirodh

Hindi News, हिंदी समाचार, Samachar, Breaking News, Latest Khabar – Pratirodh

Primary Menu Hindi News, हिंदी समाचार, Samachar, Breaking News, Latest Khabar – Pratirodh

Hindi News, हिंदी समाचार, Samachar, Breaking News, Latest Khabar – Pratirodh

  • Home
  • Newswires
  • Politics & Society
  • The New Feudals
  • World View
  • Arts And Aesthetics
  • For The Record
  • About Us
  • Featured

Under Fire, Amazon Offers $1 billion Olive Branch

Jan 15, 2020 | Pratirodh Bureau

Jeff Bezos, founder of Amazon, attends a company event in New Delhi on January 15, 2020

Amazon.com Inc CEO Jeff Bezos said his company will invest $1 billion to bring small businesses online in India, reaching out to some of his fiercest critics in a goodwill visit that saw him donning traditional Indian attire and fly a kite with children.

Amazon and Walmart’s Flipkart have been hit with a barrage of criticism from India’s brick-and-mortar retailers who accuse the U.S. giants of violating Indian law with deep discounts and discriminating against small sellers by promoting select big ones. The companies deny the allegations.

Just this week, the Competition Commission of India (CCI) launched an anti-trust probe to look into those allegations.

Amazon said it will set up digital centers in 100 Indian cities and villages to help businesses get online to sell their goods and will offer support in marketing and logistics.

The investment of $1 billion will help bring more than 10 million Indian businesses online and enable exports of India-made goods worth $10 billion by 2025, it added.

Speaking at a company event at a New Delhi stadium which Amazon described as “a first-of-its-kind mega summit” bringing together more than 3,000 small businesses, Bezos praised India and said Amazon was committed to being its long-term partner.

“The dynamism, the energy … the growth. This country has something special,” Bezos, who wore a blue-colored traditional Indian jacket, said to the audience which responded with cheers.

Other events in India have included Bezos paying his respects to a memorial dedicated to Mahatma Gandhi. Sources say he has sought a meeting with Prime Minister Narendra Modi and other government officials.

The Confederation of All India Traders, a group representing roughly 70 million brick-and-mortar retailers, has said it will protest in 300 cities during Bezos’ visit.

But protests so far have been small. At one in New Delhi and another in the eastern state of Odisha on Wednesday, there were about 50 demonstrators each.

“We are not able to compete. There is an unhealthy competition,” said Girish Prasad Ratha, a demonstrator who said he had lost 15% of his sales in the last two years because customers were increasingly going online.

The company maintains it provides opportunities to more than 550,000 sellers on its platform to grow their business in India.

India’s e-commerce market revenues are set to touch $120 billion this year, having grown 51% annually between 2017 and 2020, according to a study by the CCI.

The $1 billion investment announced on Wednesday adds to $5.5 billion of investments in India announced by Amazon since 2014.

Bezos, who arrived on Tuesday, is due to fly out on Saturday.

Tags: Amazon, Amazon.com Inc CEO, CCI, Competition Commission of India, Confederation of All India Traders, e-commerce market, Jeff Bezos, mahatma gandhi, New Delhi, Pratirodh, prime minister narendra modi

Continue Reading

Previous Kanhaiya Kumar’s Anti-Modi Mantra Resonates At Protests
Next India’s Way Not To Be Disruptive: Jaishankar

More Stories

  • Featured

PM Must Tell All-Party Meeting What He Told US President Trump: Congress

12 hours ago Pratirodh Bureau
  • Featured

Iran-Israel ‘Threshold War’ Has Rewritten Rules Of Nuclear Escalation

18 hours ago Pratirodh Bureau
  • Featured

Children’s Literature Joins The Conversation On Climate Change

19 hours ago Pratirodh Bureau

Recent Posts

  • PM Must Tell All-Party Meeting What He Told US President Trump: Congress
  • Iran-Israel ‘Threshold War’ Has Rewritten Rules Of Nuclear Escalation
  • Children’s Literature Joins The Conversation On Climate Change
  • Instead Of ‘Achhe Din’, Days Of Debt Arrived: Cong’s Dig At Modi Govt
  • A Song Of Rock And Ice
  • Access & Benefit Sharing Regulations Impinge On Rights Of Local Communities
  • Making Cuts In Implementation Of MGNREGA A Crime Against Constitution
  • Tiger Death Highlights Strained Human-Wildlife Interactions In Assam
  • Scientists And Monks Perform Last Rites For A Himalayan Glacier
  • Bihar Yearning For Change But The Election Is Wide Open
  • Shipwreck Spills Oil, Plastic & Legal Loopholes
  • As India’s Groundwater Runs Dry, The Calls For Reform Grow
  • ‘US Invite To Pak Army Chief Huge Diplomatic Setback For India’
  • Politics Based On Grievance Has A Long And Violent History In America
  • How Birds Are Taking A Hit From Microplastics Contamination
  • Kharge Reviews 11 Yrs Of NDA Govt, Says PM Made 33 Mistakes
  • Upholding The Law, SC Halts Amnesties For EIA Violators, Jolts Industry
  • Using Indian Languages When Reporting About The Environment
  • ‘Maximum Boasts, Minimum Achievements’: Congress Attacks Shah
  • On Navigating Privacy And Transparency In The Digital Age

Search

Main Links

  • Home
  • Newswires
  • Politics & Society
  • The New Feudals
  • World View
  • Arts And Aesthetics
  • For The Record
  • About Us

Related Stroy

  • Featured

PM Must Tell All-Party Meeting What He Told US President Trump: Congress

12 hours ago Pratirodh Bureau
  • Featured

Iran-Israel ‘Threshold War’ Has Rewritten Rules Of Nuclear Escalation

18 hours ago Pratirodh Bureau
  • Featured

Children’s Literature Joins The Conversation On Climate Change

19 hours ago Pratirodh Bureau
  • Featured

Instead Of ‘Achhe Din’, Days Of Debt Arrived: Cong’s Dig At Modi Govt

1 day ago Pratirodh Bureau
  • Featured

A Song Of Rock And Ice

2 days ago Pratirodh Bureau

Recent Posts

  • PM Must Tell All-Party Meeting What He Told US President Trump: Congress
  • Iran-Israel ‘Threshold War’ Has Rewritten Rules Of Nuclear Escalation
  • Children’s Literature Joins The Conversation On Climate Change
  • Instead Of ‘Achhe Din’, Days Of Debt Arrived: Cong’s Dig At Modi Govt
  • A Song Of Rock And Ice
Copyright © All rights reserved. | CoverNews by AF themes.