Amazon promises to create 1 million jobs in India by 2025 amid tensions with the government
FILE PHOTO: Jeff Bezos, founder of Amazon, attends a company event in New Delhi, India, January 15, 2020. REUTERS/Anushree Fadnavis
Amazon and Walmart’s Flipkart are facing mounting criticism from India’s brick-and-mortar retailers, which accuse the U.S. giants of violating Indian law by racking up billions of dollars in losses to fund deep discounts and discriminating against small sellers. The companies deny the allegations. “We are investing to create a million new jobs here in India over the next five years,” Amazon Chief Executive Officer Jeff Bezos said in a statement.
“They may have put in a billion dollars but then if they make a loss of a billion dollars every year then they jolly well have to finance that billion dollars,” Indian trade minister Piyush Goyal told a security conference in New Delhi on Thursday.
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