Amazon boss Bezos pledges to invest $1bn in India

Bezos, Jeff

Amazon founder and chief executive Jeff Bezos has unveiled plans to invest $1bn (£770m) in the Indian ecommerce sector.

Bezos said the online goliath will invest in digitising small and medium-sized businesses throughout India, enabling them to sell and operate online.

The Amazon founder said at a company event in New Delhi that the 21st century is “going to be the Indian century” aided by the country’s “dynamism, energy [and] growth”.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.