Angry Indian traders counter Amazon summit with own event

FILE PHOTO: A man walks past an Amazon logo outside the company's collection point in Mumbai, India, March 19, 2021. REUTERS/Francis Mascarenhas/File Photo

NEW DELHI (Reuters) - Thousands of Indian small businesses will organise an event this week in protest at the business practices of foreign e-tailers like Amazon.com Inc, taking a dig at the U.S. group's summit with their own event.

Starting Thursday, Amazon is organising a virtual summit in India named "Smbhav", which phonetically means "possible" in Hindi, to showcase opportunities offered by the U.S. firm to get small businesses to expand and sell online.