Amazon Faces Protests, Investigations in India
by Neal Freyman
If you follow Amazon CEO Jeff Bezos on social media, you know he’s spending a few days in India. At a company event in New Delhi yesterday, he revealed a $1 billion investment to digitize the country’s small and medium-sized businesses.
More than 550,000 sellers use the Amazon India marketplace, according to the Press Trust of India news agency. And 60,000+ Indian manufacturers and brands export products globally via Amazon.
As you can probably tell from the photo, though, some in the Indian business community want Bezos to take the next Gulfstream G550 home. The Confederation of All India Traders, a trade group representing millions of brick-and-mortar stores, organized protests across the country attacking Amazon for sucking up all the oxygen from small businesses.
And this week, Indian regulators opened an antitrust investigation into Amazon and Walmart-owned Flipkart.
Bezos remains bullish on the country. “I predict that the 21st century is going to be the Indian century,” he said in a statement no one will ever check back in on.