Amazon to Invest $1 Billion <br />in India’s Businesses Amazon CEO Jeff Bezos and Amit Agarwal, the head of<br />Amazon India, recently announced the company’s<br />intent to invest in India’s operations. Amazon will reportedly put $1 billion towards<br />small and medium-sized businesses in India in<br />an effort to help the country come online. The money will be released <br />in increments over the span <br />of the next five years. Jeff Bezos,<br />via statement Bezos wants to “use Amazon’s footprint” to<br />increase the “prosperity of India” by $10 billion. Jeff Bezos,<br />via statement He hopes his initiative will help<br />solidify the “important alliance”<br />between the United States and India. Jeff Bezos,<br />via statement According to a report by Nasscom<br />and PwC India, India’s e-commerce<br />market is expected to grow to <br />$150 billion in the coming years.
