Amazon CEO Jeff Bezos promised that by 2025 he will provide 1 million jobs in India. Jeff Bezos’ statement comes after the statement by Industry Minister Piyush Goyal, in which Piyush Goyal had said that Amazon’s investment of $1 billion is not going to benefit the country.
Amazon CEO Jeff Bezos promised that by 2025 he will provide 1 million jobs in India
However, on Friday, Piyush again said that investment should be done in the country only under the rules.
Will give jobs in many sectors
Amazon has said that it will invest in technology, infrastructure and logistics network. It plans to create one million new jobs in the country in the next five years in India. The company said that this employment will be different from the more than seven lakh jobs created by its investment in the last six years. The company said in a statement that the 1 million new jobs being talked about include both direct and indirect employment.
Amazon to spend Rs 7000 crore to connect SMEs online
He said that it will be our endeavor that new jobs can also come in all sectors like entertainment goods manufacturing, retail, logistics and manufacturing. Significantly, Bezos said on Wednesday that he would invest more than Rs 7,000 crore in India to help bring SMEs online.
Amazon invested Rs 1715 crore in Indian business last month
Amazon has so far announced $ 6.5 billion (Rs 46,150 crore) investment in India. Earlier Bezos visited India in 2014. At that time, an investment of 2 billion dollars (14 thousand 200 crore rupees) was announced. Later, an additional $ 3.5 billion (24 thousand 850 crores) was announced. Now has announced an additional one billion dollars i.e. 7,100 crore rupees. The company said on Tuesday that it had invested Rs 1,715 crore in the Indian business of Payments and Wholesale last month. Earlier in October, the company had invested 4,400 crores.
India’s e-commerce market to be worth Rs 8.5 lakh crore this year: report
India is a fast-growing market in e-commerce. According to a report, the annual revenue growth of this sector in India is 51%. The country’s e-commerce sector expected to grow to $120 billion (Rs 8.5 lakh crore) this year. Competition is also growing rapidly in this sector. Reliance, the country’s largest company, is also preparing to enter e-commerce. In 2018, American retailer Walmart bought Flipkart for a record $16 billion (Rs 1 lakh crore). There are currently 62.7 crore active internet users in the country. 500 million users will add in the next five years. These e-commerce companies are looking at them as their future customers. The new round of connecting them to online shopping called e-commerce 2.0
