Jan 15, 2020
New Delhi: Making major investment announcements for small and medium businesses (SMB), Amazon CEO Jeff Bezos on Wednesday said that the 21st century will be the century of India.
Speaking at the Amazon Smbhav event here, Bezos announced that Amazon would invest $1 billion in digitising SMBs in the country.
He further said that the e-commerce major would use its global footprint to export Made in India goods worth $10 billion by 2025.
“I predict that 21st century is going to be the Indian century,” he said, adding that apart from the dynamism it has, India is a democracy which is a major characterstic of the country.
He also observed that in terms of alliances, the 21st century would be about the bilateral relations between the US and India.
Bezos’ visit to India comes at a crucial time as the Competition Commission of India has ordered an enquiry into the business practices of the e-commerce majors Amazon and Flipkart. IANS
Related News
India, France look beyond defence to deepen bilateral economic ties
New Delhi: After forging close partnership in the defence domain, India and France are now looking at significantly deepening trade and investment relations especially in sectors like clean energy, new...
Indian stock market continues to assess 2 big policy moves to boost economy
Mumbai: The stock market saw two major policy moves this week that could significantly impact India's economic trajectory — the Union Budget 2025, which introduced tax cuts to boost consumption...
RBI gives go-ahead for forward contracts in Govt securities
Mumbai: The Reserve Bank Governor announced on Friday that the RBI will be introducing forward contracts in Government securities for which the directions will be issued shortly. “We have been...
RBI raises real GDP growth forecast to 6.7 pc for 2025-26
Mumbai: The Reserve Bank of India (RBI) on Friday raised the country’s real GDP growth forecast to real GDP growth for 2025-26 to 6.7 per cent, as it expects a...
RBI cuts repo rate by 25 basis points to 6.25 per cent to spur growth
Mumbai: The Reserve Bank of India's (RBI) six-member Monetary Policy Committee (MPC) on Friday cut the repo rate by 25 basis points to 6.25 per cent. RBI Governor Sanjay Malhotra...
SBI Research expects RBI to announce 0.25 per cent rate cut on Feb 7
New Delhi: SBI economists expect the RBI to announce a 0.25 per cent rate cut in the monetary policy committee meeting on February 7. As the fiscal stimulus of Budget...
Old vs New Tax regime: What has changed for middle class in Budget 2025-26
New Delhi: In a major move to ease the tax burden on middle-class taxpayers, Finance Minister Nirmala Sitharaman on Saturday announced fresh tax slabs under the New Tax regime in...
Budget offers a lot to Delhi voters to cheer about
New Delhi: The Narendra Modi government on Saturday complied with the Election Commission of India's directive not to announce any Delhi-specific schemes or sops in the Union Budget 2025-26 yet...
Budget impact: Smartphones and EVs to get cheaper; TVs, fabrics to get costlie
New Delhi: Union Finance Minister Nirmala Sitharaman, presenting the Budget 2025-26 on Saturday, introduced some key changes in basic customs duties (BCDs) that will impact the prices of various goods....
One crore people will benefit from revised slabs, pay no tax: FM Sitharaman
New Delhi: Union Finance Minister Nirmala Sitharaman, in her first post-Budget press conference, said that the revision in tax slabs as announced in the Union Budget 2025-26 will leave 'enough...
BJP, Congress failed Telangana: KTR criticises Union Budget 2025
Hyderabad: Bharat Rashtra Samithi (BRS) Working President K.T. Rama Rao criticised the Union Budget 2025-26, alleging that the BJP and the Congress have failed Telangana. Demanding an apology from the...
‘Karnataka received nothing’: CM Siddaramaiah slams Union Budget 2025
Mysuru: Criticising the Union Budget 2025, Karnataka Chief Minister Siddaramaiah dubbed it as a disappointing one, detrimental to the state's welfare. "Not a single demand we raised in the pre-Budget...