London Daily

Focus on the big picture.
Friday, Oct 03, 2025

Amazon CEO Jeff Bezos Came To India To Invest A Billion Dollars. Traditional Retailers Shouted At Him To Go Back Home.

Amazon's aggressive discounts in India have angered traditional retailers who say that online shopping is killing their business.

After he strode out on stage in front of a packed auditorium, Jeff Bezos shared some chitchat with Amazon's India head. “My grandfather made his own needles,” the Amazon CEO said about his childhood on a ranch in Texas. He talked about his interest in space -“a childhood passion”- and the climate crisis -“anybody today who is not acknowledging that climate change is real [is] not being reasonable.” Then he made a surprise announcement.

Amazon, Bezos said, would invest $1 billion over the next five years to bring more than 10 million small and medium Indian businesses online, and help them sell their products around the world.

“We’re going to use our global footprint to export outside of India,” Bezos said at the event, attended by representatives from more than 3,000 of the type of businesses Bezos said he wanted to help.

Amazon counts India as a key market for growth. When Bezos last visited the country in the fall of 2014, he dressed in a sherwani, traditional Indian festive attire, and posed for pictures standing atop a truck festooned with garlands, holding an oversized check for $2 billion, the amount Amazon had invested in India at the time. Since then, the company has invested an additional $3.5 billion in India, not counting the billion dollars announced on Wednesday.

Amazon’s aggressive expansion in India has kickstarted an e-commerce boom in a country where hundreds of millions of people have rapidly come online through cheap smartphones and data plans in the last few years, and where most people outside urban areas do not have access to large retail chains. But it has also angered millions of small brick-and-mortar businesses, who say that Amazon and Walmart-owned Flipkart, which dominate online shopping in the country, are affecting their livelihoods by using their deep pockets to heavily discount products and undercut traditional retailers.

Small business owners in the country have also accused online retailers like Amazon of violating the country’s foreign investment laws. Unlike the US where Amazon sells directly to customers in addition to letting independent sellers list their products on the website, India’s laws require that foreign e-commerce companies function as neutral marketplaces selling only items listed by local independent sellers. Sellers say that Amazon and Flipkart get around these laws by holding majority stakes in third-party brands and selling their own products through them. They’ve also accused the companies of striking deals with smartphone makers that force them to sell their devices online exclusively and not in traditional retail stores.

Minutes away from the venue where Bezos was speaking, a few dozen of these retailers held up placards with Bezos’ face on them, shouting “Amazon go back!” The protest was organized by the Confederation of All India Traders, which represents more than 70 million small, traditional merchants in India. CAIT claimed that similar protests were held across 300 cities in the country.

“The goal of Amazon and Flipkart is to bring in crony capitalism in India, dominate and monopolize the market, wipe out the competition, and leave consumers with no choice,” CAIT Secretary General Praveen Khandelwal told BuzzFeed News at the protest site. Khandelwal claimed that over 100,000 small retailers had been driven out of business thanks to Amazon and Flipkart’s deep discounting in the last four months alone.

Rahul Gupta, who has been running an electronics store for more than 18 years in Noida, a satellite city near New Delhi, told BuzzFeed News that he was at the protest because his business has halved in the last few months because of the deep discounts that Amazon and Flipkart offer. “Young customers, especially, only order online,” he said. “I can’t afford to sell products at the same prices as Amazon and Flipkart.”

Amazon declined to comment on the protests. Flipkart did not respond to a request for comment.

On Monday, just days before Bezos arrived in India, the Competition Commission of India, the country’s antitrust regulator, announced it was launching an investigation to examine whether Amazon and Flipkart had violated these rules. Khandelwal said that the CAIT was happy with the investigation. “For the first time, these companies have come under the regulatory spotlight in India,” he said. Amazon is already under multiple antitrust investigations around the world, including in the European Union, which is examining whether the world’s largest retailer uses information from sellers on its marketplace to make decisions about its own brands on the platform.

When asked about Bezos’ latest billion-dollar investment to digitize India’s small and medium businesses, Khandelwal said that cash infusion was to help Amazon continue to sell products at a loss by offering large discounts. “They’re trying to build a wrong and a false narrative here,” he said. “That’s not acceptable.”

Newsletter

Related Articles

0:00
0:00
Close
Trump Administration Launches “TrumpRx” Plan to Enable Direct Drug Sales at Deep Discounts
Trump Announces Intention to Impose 100 Percent Tariff on Foreign-Made Films
Altman Says GPT-5 Already Outpaces Him, Warns AI Could Automate 40% of Work
Singapore and Hong Kong Vie to Dominate Asia’s Rising Gold Trade
Trump Organization Teams with Saudi Developer on $1 Billion Trump Plaza in Jeddah
Manhattan Sees Surge in Office-to-Housing Conversions, Highest Since 2008
Switzerland and U.S. Issue Joint Assurance Against Currency Manipulation
Electronic Arts to Be Taken Private in Historic $55 Billion Buyout
Thomas Jacob Sanford Named as Suspect in Deadly Michigan Church Shooting and Arson
Russian Research Vessel 'Yantar' Tracked Mapping Europe’s Subsea Cables, Raising Security Alarms
New York Man Arrested After On-Air Confession to 2017 Parents’ Murders
U.S. Defense Chief Orders Sudden Summit of Hundreds of Generals and Admirals
Global Cruise Industry Posts Dramatic Comeback with 34.6 Million Passengers in 2024
Trump Claims FBI Planted 274 Agents at Capitol Riot, Citing Unverified Reports
India: Internet Suspended in Bareilly Amid Communal Clashes Between Muslims and Hindus
Supreme Court Extends Freeze on Nearly $5 Billion in U.S. Foreign Aid at Trump’s Request
Archaeologists Recover Statues and Temples from 2,000-Year-Old Sunken City off Alexandria
China Deploys 2,000 Workers to Spain to Build Major EV Battery Factory, Raising European Dependence
Speed Takes Over: How Drive-Through Coffee Chains Are Rewriting U.S. Coffee Culture
U.S. Demands Brussels Scrutinize Digital Rules to Prevent Bias Against American Tech
Ringo Starr Champions Enduring Beatles Legacy While Debuting Las Vegas Art Show
Private Equity’s Fundraising Surge Triggers Concern of European Market Shake-Out
Colombian President Petro Vows to Mobilize Volunteers for Gaza and Joins List of Fighters
FBI Removes Agents Who Kneeled at 2020 Protest, Citing Breach of Professional Conduct
Trump Alleges ‘Triple Sabotage’ at United Nations After Escalator and Teleprompter Failures
Shock in France: 5 Years in Prison for Former President Nicolas Sarkozy
Tokyo’s Jimbōchō Named World’s Coolest Neighbourhood for 2025
European Officials Fear Trump May Shift Blame for Ukraine War onto EU
BNP Paribas Abandons Ban on 'Controversial Weapons' Financing Amid Europe’s Defence Push
Typhoon Ragasa Leaves Trail of Destruction Across East Asia Before Making Landfall in China
The Personality Rights Challenge in India’s AI Era
Big Banks Rebuild in Hong Kong as Deal Volume Surges
Italy Considers Freezing Retirement Age at 67 to Avert Scheduled Hike
Italian City to Impose Tax on Visiting Dogs Starting in 2026
Arnault Denounces Proposed Wealth Tax as Threat to French Economy
Study Finds No Safe Level of Alcohol for Dementia Risk
Denmark Investigates Drone Incursion, Does Not Rule Out Russian Involvement
Lilly CEO Warns UK Is ‘Worst Country in Europe’ for Drug Prices, Pulls Back Investment
Nigel Farage Emerges as Central Force in British Politics with Reform UK Surge
Disney Reinstates ‘Jimmy Kimmel Live!’ after Six-Day Suspension over Charlie Kirk Comments
U.S. Prosecutors Move to Break Up Google’s Advertising Monopoly
Nvidia Pledges Up to $100 Billion Investment in OpenAI to Power Massive AI Data Center Build-Out
U.S. Signals ‘Large and Forceful’ Support for Argentina Amid Market Turmoil
Nvidia and Abu Dhabi’s TII Launch First AI-&-Robotics Lab in the Middle East
Vietnam Faces Up to $25 Billion Export Loss as U.S. Tariffs Bite
Europe Signals Stronger Support for Taiwan at Major Taipei Defence Show
Indonesia Court Upholds Military Law Amid Concerns Over Expanded Civilian Role
Larry Ellison, Michael Dell and Rupert Murdoch Join Trump-Backed Bid to Take Over TikTok
Trump and Musk Reunite Publicly for First Time Since Fallout at Kirk Memorial
Vietnam Closes 86 Million Untouched Bank Accounts Over Biometric ID Rules
×