Under fire in India, Amazon CEO offers small business owners $1 billion olive branch during a goodwill visit by Sankalp_sp AdityaKalra
NEW DELHI - 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.
Just this week, the Competition Commission of India launched an anti-trust probe to look into those allegations. 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 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.
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