Jeff Bezos bullish on India, will invest $1 billion to digitize small businesses

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Amazon hopes to export goods worth $10 billion from India by 2025

 Jeff Bezos said Amazon will invest another $1 billion in India to help 10 million Indian small and medium businesses (SMBs) sell online amid nationwide protests by neighbourhood shopkeepers against his visit and the competition watchdog ordering a probe into ecommerce platforms.

Amazon, which has invested more than $5 billion in India since 2013, said its latest programme will help SMBs participate in India’s rapidly growing ecommerce and that it hopes to export locally made goods worth $10 billion from the country by 2025.

“Our goal is, don’t forget, to make sure that more people can participate in the prosperity of India,” Bezos told the audience at an Amazon event in New Delhi.

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