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Amazon invests one billion dollars in online trade development in India

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Amazon invests one billion dollars in online trade development in India
January 15
13:00 2020

Amazon founder Jeff Bezos is paying a three-day visit to India. The businessman has already announced that his company is going to invest a billion US dollars in the development of online trading in the segment of small and medium-sized businesses.

Bezos has chosen India as the main platform for business development in the coming decades. Amazon analysts have calculated that in just five years, the company’s annual export of Indian goods will amount to $ 10 billion. By the way, at the moment, the corporation has invested about 5.5 billion US dollars in a developing state.

It is expected that Jeff Bezos’ visit will be accompanied by protests by local businessmen. They have reason to be indignant – the platform underestimates prices, thereby squeezing out competitors from the market.

 

The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group

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