Jeff Bezos’ reply to protestors: Will sell your goods abroad; Amazon to take ‘Make in India’ global

By: |
January 15, 2020 5:27 PM

Jeff Bezos spread olive branches to the irked Indian traders. E-commerce behemoth plans to globally sell $10 billion worth goods sourced from the Narendra Modi government’s Make in India initiative.

Amazon founder Jeff Bezos.

While five lakh Indian retailers are staging a protest outside Amazon’s SMBhav event in New Delhi, Jeff Bezos spread olive branches to the traders and said that the e-commerce behemoth plans to globally sell $10 billion worth goods sourced from the Narendra Modi government’s Make in India initiative. The company plans to achieve this by the end of 2025, Jeff Bezos, Amazon founder, told reporters at an event on Wednesday. “We are going to use Amazon’s size, scope and global footprint to export outside India $10 billion of Make in India goods by the year 2025,” he said. He added that he has been in talks with several artisans who have benefitted from Amazon’s platform.

Also Read: Amazon, Flipkart: Why CCI is probing antitrust complaint against e-commerce portals

However, not everyone is buying Amazon’s narrative around supporting India’s businesses. While Amazon also announced an additional $1 billion investment for digitizing India’s SME businesses, trade body CAIT said that the same is merely a “promotional finance” and also called it “ridiculous”. “It is not an investment but a promotional finance to Amazon India to crush retail trade and encourage his team in India to do more predatory pricing and deep discounting,” Praveen Khandelwal, General Secretary, CAIT said in a statement. 

The US-based e-commerce behemoth is also facing widespread backlash from traders who have alleged that the Jeff Bezos owned company has played an instrumental role in destroying businesses of retailers and MSMEs. The company is also in the middle of an antitrust probe by the Competition Commission of India upon receiving a complaint from a traders’ body called Delhi Vyapar Mahasangh. 

Meanwhile, Amazon maintains that its platform has empowered small weavers and artisans. Speaking at the same event, Gopal Pillai, Vice President, Amazon, said that the platforms now has eight lakh weavers, artisans and also helps 2.5 lakh women entrepreneurs by its Saheli program. “Indian SMBs are making an impact at the global level,” he added.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.