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Amazon India Summit: President Jeff Bezos promises to invest $1 billion in India

Jeff Bezos, who is on a three day visit to India, has promised to invest $1 billion digitising small and medium businesses in India. The founder-president of Amazon announced his plans today in Smbhav summit, an Amazon India gathering for small and medium businesses in New Delhi.

During the summit, he also said that the alliance between India and United States would be the “most important in 21st century”.

He is also likely to meet Prime Minister Narendra Modi during his trip.

His itinerary also includes a fireside chat with Amazon India chief Amit Agarwal, Infosys co-founder Narayana Murthy and retail billionaire Kishore Biyani. Bezos will also participate in an event where he will be meeting prominent Bollywood celebrities in Mumbai.

The e-commerce Mogul who landed here on Tuesday paid homage to Mahatma Gandhi at Raj Ghat. He also shared a video on Twitter.

“Just landed in India and spent a beautiful afternoon paying my respects to someone who truly changed the world. “Live as if you were to die tomorrow. Learn as if you were to live forever.” – Mahatma Gandhi,” his tweet said.

Bezos’ visit to India comes at a time when Amazon is facing an anti-trust investigation in India. Earlier this week, Competition Commission of India (CCI) ordered an enquiry into the operations of Amazon on multiple counts, including deep discounts and exclusive tie-up with preferred sellers.

Members of the a leading Indian small business group, the Confederation of All India Traders (CAIT) have organized sit-ins and public rallies in 300 cities to protest Bezos’s visit.

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