InvestorQ : Is it true that Jeff Bezos of Amazon has agreed to invest $1 billion into helping Indian small and medium sized retail players become competitive?
Niti Shenoi made post

Is it true that Jeff Bezos of Amazon has agreed to invest $1 billion into helping Indian small and medium sized retail players become competitive?

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Mohit Goyal answered.
2 years ago
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I will say it's completely fair if JB invests in India...and Walmart to be permitted to operated full fledge....as India people/trader is like if they are going out to buy something they compare rates with online availability. And if anyother player enters into their trade via online channel they make hue and cry. Cheap mentality
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Mary Joseph answered.
2 years ago
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You may recollect that the traders were planning huge protests across India as a sign of protest against Amazon during Bezos’ visit to India. Most traders have been upset that Amazon and Wal-Mart have use their global financial muscle to create an ecommerce ecosystem in India which has been largely destroying the livelihood of small and medium sized traders.

To quell such protests, Bezos has announced that Amazon would invest close to $1 billion into the Indian retail ecosystem that would make the small and medium sized retailers more competitive in the current scenario. The idea appears to be more of partnering with small traders who can act as last-mile connectivity for Amazon. It has also the potential to improve the popularity of Amazon in India, which is essential to its long term sustenance.

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