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E-commerce company Amazon to invest USD 1 billion in India

Jeff Bezos, chief of the e-commerce company, Amazon announced USD 1 billion (over Rs 7,000 crore) incremental investment in India to help bring small and medium businesses online and committed to exporting USD 10 billion worth of India-made goods by 2025.

The new investments will help hiring talent to fill roles across Amazon in India, including software development engineering, cloud computing, content creation, and customer support.

The investments will also help in expanding growth opportunities for the more than 5,50,000 traders and micro, small, and medium-sized businesses – including local shops – through programs like Saheli, Karigar, and “I Have Space”.