Amazon committed to sustainable growth in India, bullish on continued expansion
Amazon India has asserted that it is committed to continued growth in India and is fully compliant with all of the country’s rules and regulations. Facing criticism, the business has asserted that it aims to positively impact India.
The business has reaffirmed its commitments to job creation and getting micro, small, and medium enterprises online. The business has even doubled its targets and now aims to create 20 lakh direct and indirect jobs in India and enable $20 billion in cumulative exports by 2025, said Amazon’s India country manager for consumer business, Manish Tiwary, the Press Trust of India reported.
“Every sign should give you the confidence that Amazon continues to be very, very bullish on the Indian market and the prospects,” said Tiwary. “We are not impatient. We don’t have to prove anything in the next six months of how we are bigger or better, because nine years back we had told ourselves we want to change the way India buys and sells in a sustainable manner to create a positive impact in the country.”
Amazon India has faced strong and sustained criticism from traders’ bodies, most vocally the Confederation of All India Traders, for its alleged monopolisation of the Indian e-commerce market. CAIT has held nationwide strikes, boycotts, and campaigns against Amazon India and accused it of violating foreign direct investment regulations, which Amazon has vehemently denied.
“We are bullish as we were nine years back,” said Tiwary. “Actually we’ve been in the country in terms of providing technology support for more than 20 years. So we continue to be very bullish. All you have to do is look at the investments across the eco-system.”
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