Amazon founder and CEO Jeff Bezos said today that the company plans to invest $ 1 billion to help digitize small and medium-sized companies in India.
"25 years ago, Amazon was a small company. I was not only delivering cargo to the post office, but I was also packing it, preparing it, and doing whatever the small companies were doing," he added during announcing the company's investments during events in New Delhi.
He explained that the company would use its global footprint to export $ 10 billion worth of goods made in India by 2025. "I expect the 21st to be the Indian century," he said.
Bezos visited the shrine of Mahatma Gandhi. He is likely to meet senior Indian officials and visit Mumbai tomorrow, according to CNBC-TVV18.
The Small Traders 'Federation said its members planned to stage demonstrations during Bezos' visit to protest against what they described as unfair practices by Amazon.