Amazon to Invest $1 Billion in India’s Businesses

Amazon to Invest $1 Billion in India’s Businesses

Amazon to Invest $1 Billion br in India’s Businesses Amazon CEO Jeff Bezos and Amit Agarwal, the head ofbr Amazon India, recently announced the company’sbr intent to invest in India’s operations. Amazon will reportedly put $1 billion towardsbr small and medium-sized businesses in India inbr an effort to help the country come online. The money will be released br in increments over the span br of the next five years. Jeff Bezos,br via statement Bezos wants to “use Amazon’s footprint” tobr increase the “prosperity of India” by $10 billion. Jeff Bezos,br via statement He hopes his initiative will helpbr solidify the “important alliance”br between the United States and India. Jeff Bezos,br via statement According to a report by Nasscombr and PwC India, India’s e-commercebr market is expected to grow to br $150 billion in the coming years.


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Uploaded: 2020-01-15

Duration: 01:27

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