Amazon to Invest $1 Billion in India’s Businesses
Amazon CEO Jeff Bezos recently announced the company’s intent to invest in India’s operations. Amazon will reportedly put $1 billion towards small and medium-sized businesses in India in an effort to help the country come online.
The money will be released in increments over the span of the next five years Jeff Bezos, via statement. Bezos wants to “use Amazon’s footprint” to increase the “prosperity of India” by $10 billion Jeff Bezos, via statement.
He hopes his initiative will help solidify the “important alliance” between the United States and India. Jeff Bezos, via statement. According to a report by Nasscom and PwC India, India’s e-commerce market is expected to grow to $150 billion in the coming years.