Amazon To Make Investment Of 1 Billion In Indian SMB’s

Amazon is one of the biggest e-commerce website, popular to sell things of all categories. Amazon is expanding its global footprints benefitting the small and medium businesses (SMB’s). 

Amazon Chief Jeff Bezos has confirmed the news of investing an incremental value of 1 Billion in India. The amount will be used as an investment to increase the demand of Make in India products. The value of Indian made products is said to increase immensely by 2025.

Jeff Bezos
Via: CNBC.com

Jeff added to the news saying that the 21st century is going to come with great good news for the alliance formed between India and the US. The alliance will bring together the Oldest and Largest democracies together that will create a big change in the SMB’s.

Jeff Bezos also said-

“I want to make a prediction for you – the 21st century is going to be the Indian century,”

Bezos is the co-founder and CEO of the Amazon and is gracing the Indian land during his visit to India. He is New Delhi for the SMBhav event and during his official visit, he also met the legendaries of India.

Jeff landed in Delhi on Tuesday and paid his first visit to Raj Ghat. His further schedule includes meeting with leading business tycoons of India – Mukesh Ambani and Ratan Tata. He will also meet the “Badshah”Shah Rukh Khan for a fireside chatting session.

The news of the surprise visit of Jeff was given through an official tweet. He expressed his excitement to come to India and said-

“I had this idea and I knew that if I don’t try I would regret it. Last 25 years, what happened is beyond my expectation.”

He grabbed a quick selfie with Amit Agrawal, the country head of Amazon India and posted on his official twitter handle.

Future Plans Of Amazon SMBhav

Amazon in India is planning to establish 100 haats in the cities. The idea is the digitalise and modernise the idea of markets. These digital haats will provide compliance, digital marketing, warehouse space, onboarding, cataloguing and imaging. The digital haats will be established in the local neighbourhoods in association with Amazon.

Amazon Easy and ‘I have Space’ are two programs that will help the local markets to expand income opportunities.

Jeff Bezos

 Aim Of Organizing the Event

Amazon is a well-known brand, the two-day event SMBhav is a well-planned initiative that will bring a remarkable change in the economy of the country. The event will host around 3000businsses, traders, startups and tech solution companies.

The idea of the event is to provide a global market to the MSME’s. This event will encourage and show diverse paths to the growing companies, insights into the challenges they can face and future guidance.

Amazon has sensed great potential in India and we are hoping to see some big bright changes happening.

Meenal Fadnavishttp://www.stackumbrella.com
I am a fervor content creator and blogger. My skills specialize in creative writing and editing. I am a very keen observer and a passionate learner.

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