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During Bezos visit, India minister says Amazon's $1 billion investment is no big favour

During Bezos visit, India minister says Amazon's $1 billion investment is no big favour

NEW DELHI (Reuters) - Amazon ( AMZN.O ) hasn’t done India any big favours by announcing a new $1 billion investment, its trade minister said on Thursday, laying bare tensions with the U.S. online retail giant during a visit to the country by its CEO Jeff Bezos. Amazon and Walmart’s ( WMT.N ) Flipkart are facing mounting criticism from India’s brick-and-mortar

Online-Offline Trader War Intensifies in India as Amazon Invites and CAIT Denies Dialogue

Online-Offline Trader War Intensifies in India as Amazon Invites and CAIT Denies Dialogue

On the side-lines of the ongoing two-day “Amazon Smbhav” event in New Delhi, Amazon India Vice President Gopal Pillai revealed that the company was open to discussions with domestic Indian traders protesting against the “predatory pricing” and “deep discounting” tactics being practiced by e-commerce players in India. “We do not take any of these things

Amazon's $1 billion investment in India no big favor: minister

Amazon's $1 billion investment in India no big favor: minister

NEW DELHI (Reuters) - Amazon ( AMZN.O ) hasn’t done India any big favors by investing $1 billion in the country, its trade minister said on Thursday, laying bare the tensions with the U.S. online retail giant during a visit by its CEO Jeff Bezos. Amazon and Walmart’s ( WMT.N ) Flipkart are facing mounting criticism from India’s brick-and-mortar retailers,

Under fire in India, Amazon offers small business owners $1 billion olive branch

Under fire in India, Amazon offers small business owners $1 billion olive branch

NEW DELHI (Reuters) - Amazon.com Inc CEO Jeff Bezos said his company will invest $1 billion to bring small businesses online in India, reaching out to some of his fiercest critics in a goodwill visit that saw him donning traditional Indian attire and fly a kite with children. Amazon and Walmart’s Flipkart have been hit with a barrage of criticism from

Amazon offers India's small business owners $1 billion olive branch

Amazon offers India's small business owners $1 billion olive branch

NEW DELHI (Reuters) - Amazon.com Inc CEO Jeff Bezos said his company will invest $1 billion to bring small and medium-sized businesses online in India and expects to export $10 billion worth of India-made goods by 2025. Bezos’ visit comes amid strident criticism from small business owners who accuse the company and Walmart’s Flipkart of unfair business

Amazon chief says to invest $1 billion in digitizing small businesses in India

Amazon chief says to invest $1 billion in digitizing small businesses in India

NEW DELHI (Reuters) - Amazon.com Inc will invest $1 billion in digitizing small- and medium-businesses in India and expects to export $10 billion worth of India-made goods by 2025, its founder Jeff Bezos said on Wednesday. Speaking at a company event in New Delhi, Bezos also said he feels the 21st century is “going to be the Indian century.” “The dynamism,