Published: Fri, January 17, 2020
Markets | By Otis Pena

Amazon to create a million jobs in India by 2025

Amazon to create a million jobs in India by 2025

India's trade minister isn't impressed with Amazon's new $1 billion investment in the country.

Amazon that is now facing the ire of small traders who are revolting against steep discounts given by online retailers and is under the lens of India's competition watchdog has had a turbulent week in India, despite the company's founder Jeff Bezos making an unexpected appearance at the retailer's two-day summit held in the capital on Tuesday where he addressed over 3,000 small and medium businesses that work with.

During an event in Delhi on Thursday, Goyal, who has not yet given Bezos an audience, said "They (Amazon) may have put in a billion dollars but if they make a loss of a billion dollars every year, then jolly well will have to finance that billion-dollar". He said Amazon would use its global reach to export $10 billion worth of made-in-India goods.

The new investments will help to hire talent to fill roles across Amazon in India, including software development engineering, cloud computing, content creation, and customer support. Small retailers say Amazon and Flipkart circumvent those rules by creating proxy sellers or vendors through which it offers deep discounts, allegations the companies deny. "Don't try to find loopholes within defined letter of the law alone when very clearly we have articulated what the e-commerce marketplace model is".

On December 20 a year ago, Malaysian Prime Minister Mahathir bin Mohamad had reportedly said, "I am sorry to see that India, which claims to be a secular state, is now taking action to deprive some Muslims of their citizenship".

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"Our government has allowed e-commerce entities to come to India under the marketplace model", Goyal said.

"They may have put in a billion dollars", Mr Goyal said on Thursday, about Amazon's investments in India.

Goyal said how can a marketplace make such a big loss unless they are indulging in "predatory pricing or some unfair trade practices". More than half-a-million traders representing thousands of organizations grouped under the Confederation of All India Traders have planned sit-ins and public rallies in 300 cities to protest his visit, the group had said.

E-commerce giants like Amazon and Walmart-backed Flipkart are locked in an indirect fight with India's millions of offline traders who have alleged "predatory discount practices" by the online giants in order to boost sales, thereby leading a body blow to these offline retailers.

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