Jeff Bezos’s India Visit Marked by Probe and Protests
- India’s rapidly expanding consumer base is still up for grabs
- Local retailers decry Amazon’s ‘economic terrorist’ tactics
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Amazon.com Inc. Chief Executive Officer Jeff Bezos got a bitter reception during his India visit this week after the country’s antitrust regulator initiated a formal investigation hours before his arrival and infuriated small store owners demonstrated in the streets.
Bezos is in New Delhi for the Smbhav summit, an Amazon India gathering for small and medium businesses, where he announced Amazon will invest a fresh $1 billion to help bring such companies online. He also committed the retail giant to exporting a total of $10 billion of made-in-India goods by 2025.