Amazon Promises 1 Million New Jobs in India by 2025 | Breitbart

Amazon Promises 1 Million New Jobs in India by 2025 | Breitbart

Amazon Promises 1 Million New Jobs in India by 2025 | Breitbart

E-commerce giant Amazon has attempted to address the Indian government’s issues with the company’s plans to set up shop in the country by promising to create 1 million new jobs in India by 2025.

Reuters reports that e-commerce giant Amazon has now promised to create 1 million jobs in India by 2025 just days after criticism from the country’s trade minister. The trade minister was reportedly not impressed with Amazon’s plans to invest $1 billion in the country’s small businesses.

Indian trade minister Piyush Goyal told a security conference in New Delhi on Thursday: “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. So it’s not as if they are doing a great favor to India when they invest a billion dollars.”

Both Amazon and Walmart’s FlipKart have faced growing criticism from India’s brick-and-mortar retailers which have accused the firms of racking up billions of dollars in losses to fund deep discounts and discriminating against small sellers. Amazon has denied these allegations and company CEO Jeff Bezos has promised to create more jobs in the country stating: “We are investing to create a million new jobs here in India over the next five years.”

This week, the Competition Commission of India (CCI) launched an antitrust probe of the companies to investigate these allegations. Amazon plans to set up digital centers across 100 Indian cities and villages to help local businesses get online to sell their goods and plans to offer support in terms of marketing and logistics.

Amazon claims its $1 billion investment will bring more than 10 million Indian businesses online and will enable the export of goods manufactured in India worth $10 billion by 2025. Amazon described the initiative at a company event at a New Delhi stadium stating that it was “a first-of-its-kind mega summit” that would bring together more than 3,000 small businesses.

Amazon CEO Jeff Bezos, who appeared wearing a blue-colored traditional Indian jacket, stated: “The dynamism, the energy … the growth. This country has something special,” which was met with cheers from the audience. India’s e-commerce market revenues are expected to reach $120 billion in 2020, having grown 51% annually from 2017 to 2020 according to a study by the CCI. Amazon’s $1 billion investment will add to the company’s $5.5 billion of investments in India announced by the company since 2014.

Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. Follow him on Twitter @LucasNolan or email him at lnolan@breitbart.com

Read More

Share:

Share on facebook
Share on twitter
Share on linkedin

More News

***Live Updates*** George Floyd Protests Continue

***Live Updates*** George Floyd Protests Continue

George Floyd Protests Continue on Saturday. Stay tuned to Breitbart News for live updates. All times eastern. — 7:59 PM: Paul Ryan and John Boehner won’t say if they’ll vote for Trump in November. George W. Bush has already decided he won’t support him, say those familiar with his thinking. https://t.co/V7wUZB9kLS — Aman Batheja (@amanbatheja) June… … Read More

Mayor Frey Asks Trump for Help After Rioters Cause Millions in Damage

Mayor Frey Asks Trump for Help After Rioters Cause Millions in Damage

Mayor Jacob Frey (D) is seeking federal aid to help Minneapolis recover from the protests and riots that have wrecked the area. “With at least $55 million in estimated damage and far more to come, Minneapolis will need state and federal aid as it attempts to rebuild hundreds of structures after the riots following George… … Read More

Bernie Sanders’ Adviser: D-Day Largest Antifa Operation in History

Bernie Sanders’ Adviser: D-Day Largest Antifa Operation in History

Matt Duss, foreign policy adviser to Sen. Bernie Sanders (I-VT), commemorated the 76th anniversary of D-Day by describing it as the “largest Antifa operation in history.” Duss seemingly attempted to legitimize Antifa, the so-called anti-fascist group behind much of the political violence erupting at protests across U.S. cities, by equating it to the courageous Allied… … Read More

FOLLOW

© Copyright 2020 | American Priority | Privacy Policy | Cookie Policy