Bezos is in New Delhi for the Smbhav summit, an Amazon India event for small and medium-sized businesses, where he announced Amazon is to invest a fresh US$1 billion to help bring such companies online. He also committed the retail giant to exporting a total of US$10 billion of made-in-India goods by 2025. “The 21st century is going to be the Indian century,” the Amazon founder said. The latter’s Flipkart Online Services Pvt is also delving deeper into the countryside in its pursuit of more customers. The Competition Commission of India said it would probe the deep discounts, preferential listings and exclusionary tactics that Amazon and Flipkart are alleged to have used as anti-competitive levers.
