Jeff Bezos’s Amazon to invest $1Bn to digitize small businesses in India

In its event Amazon ‘Smbhav’ held in New Delhi, he made a major announcement that would support Indian MSMEs. Yesterday, Amazon made it clear that they would invest $1 billion in digitizing small and medium businesses (SMBs) on its platform in India.

Speaking in the‘Smbhav’ event, Jeff Bezos said that Amazon would support SMBs to export their products. It’s no brainer that the rise of e-commerce sites have led to a huge impact on small businesses and shops, with everything going online people are relying more digitally on these days.

Jeff Bezos's Amazon to invest $1Bn to digitize small businesses in India

Bezos has announced that the e-commerce giant, through its global footprint, will help SMBs export products worth $10 billion by 2025. The initiative taken by the company will bolster the growth of the Indian economy, but how?

Amazon would be building ‘Digital Haats’ in 100 cities, villages, and communities to help the businesses integrate into the digital economy. The concept is unique which will help boost shops and businesses in the neighbourhood, Digital Haats will be available to MSMEs irrespective of their association with Amazon.

We’re committed to being a long-term partner of India. And actions speak louder than words. 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

Jeff Bezos, CEO of Amazon

A company statement said. “We are going to use our global footprint to export 10 billion dollars of Make-in-India goods by 2025”, he said. Bezos even said that the main objective behind the support is that the business with SMBs in the country has been doing well. “Because it’s working, and when it’s working, you should double down on it”.

It is a fact that those businesses that have got associated with Amazon have been able to bolster their growth in the past few years but those who are not “digitally able” to get on Amazon, this step will have a huge impact on small and medium businesses.

Talking more about the Indian market and entrepreneurs, Bezos is determined that the 21st century will be the century of India. “I predict that 21st century is going to be the Indian century”, he said, recognizing the fact that apart from the dynamism which India has, it is the democracy which is a major characteristic of the country.

In terms of alliances, Jeff believes the 21st century would be about the bilateral relations between the US and India. In the coming years, this major step can have a bigger impact on the Indian economy as SMBs are very important parallelly to the e-commerce platforms.

Do check out:

😎TechnoSports-stay UPDATED😎

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More like this

Jeff Bezos Net Worth, Biography, Age, Family, Spouse & more in 2023

Jeff Bezos Net Worth, Biography, Age, Family, Spouse and...

Jeff Bezos Net Worth, Biography, Age, Family, Spouse & more - Everything You Need to Know Did you...

Amazon Nova Act: The Dawn of Web-Native AI Agents...

Hey there, tech enthusiasts and AI aficionados! 👋 Ready to dive into the future of AI agents?...

Battleground: Amazon MX Player’s Epic Fitness Showdown Unveils Star-Studded...

Are you ready for the ultimate test of strength, strategy, and sheer willpower? Brace yourselves, fitness enthusiasts...
Amazon’s Mahakumbh Suvidha Kiosk: Redefining Convenience at the World’s Largest Gathering

Amazon IPO in India: Strategic Game-Changer in the Battle...

Amazon IPO in India: In a move that has sent ripples through the Indian business landscape, e-commerce...

Amazon Gift Card Codes: Free Gift Card for this...

Everything You Need to Know about Amazon Gift Card Codes in 2025  When you use an Amazon Gift...

LATEST NEWS

Ada Malik’s BLACKPINK Lisa Resemblance: Anu Malik’s Daughter Stuns With K-Pop Doppelgänger Look

In an unexpected cultural crossover that has set social media ablaze, the worlds of Bollywood and K-pop collided when Ada Malik, daughter of veteran...

Sonam Kapoor Dazzles in Off-White Masaba Saree: Tamil Motifs Meet Modern Elegance

When Sonam Kapoor steps onto a red carpet—or in this case, into a store opening—the fashion world collectively holds its breath in anticipation. The...

Tata Capital $2 Billion IPO: Why the Financial Giant Chose the Confidential Filing Route

The Indian financial services landscape is witnessing a significant milestone as Tata Capital Ltd., the financial arm of the prestigious Tata Group, strategically positions...

Sonam Kapoor Royal Airport Look: Kashmiri Coat Paired with Rs 3.2 Lakh Dior Bag

In the world of celebrity airport fashion, where comfort often dictates choices of athleisure and casual ensembles, Sonam Kapoor continues to redefine boundaries with...

Featured