Amazon to invest $1 bn to digitise Indian SMBs: Jeff Bezos

TIL Desk/Business/New Delhi/ In a major announcement showing Amazon”s support for Indian MSMEs, CEO Jeff Bezos on Wednesday said that the company would invest $1 billion in digitising small and medium businesses (SMBs) on its platform in the country.

Speaking at the Amazon ”Smbhav” event here, he also said that Amazon would support SMBs to export their products. Bezos announced that the e-commerce major, through its global footprint, will help SMBs export products worth $10 billion by 2025.

“We”re committed to being a long-term partner of India. And actions speak louder than words,” said Bezos. “Over the next five years, Amazon will invest an incremental $1 billion to digitise micro and small businesses in cities, towns, and villages across India, helping them reach more customers than ever before. This initiative will use Amazon”s global footprint to create $10 billion in India exports by 2025.”

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