The country is dreaming ambitiously of becoming a five trillion dollar economy. Meanwhile, something has happened about Amazon that has come into controversy. Amazon founder Jeff Bezos visited India last week. Announced a new investment of seven thousand crore rupees in the country. Despite this, slogans were raised against him in Delhi.
Why was Bezos, the world's richest man, treated in India? There can be many reasons for this. Actually, there are many complaints in the country against Amazon. The Competition Commission of India is also investigating against him. Actually, opposition to Bezos is not only in India but in many countries of the world.
The whole controversy related to Amazon: Why government-traders are angry with Bezos
Amazon founder and CEO Jeff Bezos was in India last week. A day before Bezos arrived, the Competition Commission of India started an investigation against Amazon. Amazon and Walmart-owned Flipkart face allegations of heavy selling prices and tie-ups with preferred vendors. At the time when Bezos was in India, there were also protests against him in Delhi. Slogans of "Bezos Go Back" were being chanted.
Why did Prime Minister Modi not meet Bezos?
There is strong opposition among businessmen of the country regarding Bezos. There have been protests in more than three hundred cities against Bezos on the call of The Confederation of All India Traders (CAT). More than five thousand organizations and more than five lakh traders participated in these demonstrations.
What causes traders to get annoyed with Amazon?
According to a media report neither the manufacturers nor the merchants are benefiting from the business model of Amazon and Flipkart. Only the delivery boys' jobs are definitely increasing. Both companies are importing more than 80% of goods from China and selling them in India.
Is there going to be anything big in the country's e-commerce sector?
Mukesh Ambani richest person in the country, is going to launch his e-commerce platform - Jio Mart, compared to the world's richest man Jeff Bezos. It is believed that this could prove to be a big bump for Amazon and Flipkart. Jio Mart has been launched in Mumbai. It is to be launched in the rest of the country. This was announced by Mukesh Ambani at RIL 42nd AGM.