Jeff Bezos announced Amazon will invest $1 billion in India, as sentiment turns increasingly negative towards the e-commerce retailer by AngelAuYeung
tightening its e-commerce regulations toward foreign online retailers, including rules to stop heavy discounting, in a bid to protect domestic competitors. Further, a trade organization representing millions of small and medium-sized business owners organized protests in 300 cities across the country against Amazon to coincide with the billionaire’s visit....
The Amazon billionaire has been applying a soft touch in diplomacy toward India during this week’s visit. He has posted videos on social media of himself paying respects at the Raj Ghat, a memorial dedicated to Mahatma Gandhi in New Delhi, and flying kites with teenagers while in India. In a video posted to Instagram, Bezos ended his Amazon Shbhav speech with two declarations for India: “I predict that the 21st century is going to be the Indian century. In this 21st century, the most important alliance is going to be the alliance between India and the United States—the world’s oldest democracy, and the world’s largest democracy.” Bezos then took a bow.
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