Jeff Bezos speaking during the opening session of Amazon Sambhav event in New Delhi, India, on Jan 15. Bezos has attracted significant opposition during a tour of India intended to underscore its importance as a growth driver for Amazon. — Bloomberg
India’s government has scoffed at Amazon.com Inc founder Jeff Bezos’ offer to invest US$1bil (RM4.06bil) in the country, firing the latest salvo at an e-commerce giant that’s been accused of predatory business practices.
Trade minister Piyush Goyal delivered a stinging rebuke two days after Bezos arrived in New Delhi and touted his efforts to help digitise small and medium enterprises. The investment would bring Amazon’s bet on the Indian market to about US$6.5bil (RM26.35bil). Goyal told a gathering of foreign ministers from around the world he welcomed an investigation into the company’s alleged "predatory pricing and unfair trade practices”.
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