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Jeff Bezos To invest USD 1 billion in Amazon India

Jeff Bezos, founder, chief executive officer, and president, Amazon.com, Inc, has announced a major investment in India, asserting that the country is a key growth market. The company has made plans to invest USD 1 billion (Rs 7101.75 crore) in digitizing small and medium businesses – allowing them to sell and operate online. A union of small traders has planned protests in 300 cities against Bezos, accusing his firm of predatory pricing and favoring a few big sellers on its platform.

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