Jeff Bezos

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Jeff Bezos is in India. Amazon has a ton on the line

Hong Kong (CNN Business) Amazon (AMZN) is raising its game in India.The company plans to pour $1 billion into small businesses in the country over the next five years, CEO Jeff Bezos said Wednesday at a company event in New Delhi.Amazon wants to help manufacturers, resellers, shops and brands in the country, according to Bezos. More than 550,000 sellers use the Amazon India marketplace, and more than 60,000 Indian manufacturers and brands export products to customers worldwide using the company’s platform.By helping those businesses, Amazon projects that it can bring more than 10 million local business online by 2025. Bezos also said the investment could help traders export $10 billion in Indian-made goods in the next five years, bolstering Indian Prime Minister Narendra Modi’s campaign to “Make in India.”

Source:CNN Business