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HomeAll NewsMost read newsBusiness Leaders Biography
Birthday : 01/12/1964
Place of birth : Albuquerque - United States
Linked companies : Amazon.com, Inc.
Biography : Founder of Amazon.com, Inc., Explore Holdings LLC, Bezos Day One Fund and Blue Origin LLC, Jeffrey P

Amazon boss Bezos to face protests from traders during India trip

01/11/2020 | 08:08am EST
Founder, Chairman, CEO and President of Amazon Jeff Bezos speaks during an event about Blue Origin's space exploration plans in Washington

Thousands of small-scale traders in India are planning to organise protests against Amazon.com Inc founder Jeff Bezos, who will visit the country next week for a company event and potential meetings with government officials.

Bezos will participate in an Amazon event in capital New Delhi aimed at connecting with small and medium-sized enterprises, three sources told Reuters.

He has also sought meetings with the prime minister and other government officials, with conversations expected to centre around e-commerce, one of the sources familiar with the matter said.

Details of Bezos' visit, including his arrival date and the duration of his stay are not known.

Amazon did not respond to a request to confirm the visit. The prime minister's office also did not respond to requests for comment.

The Confederation of All India Traders (CAIT), a group representing roughly 70 million brick-and-mortar retailers, said it will protest across 300 cities during Bezos' stay in the country.

CAIT has since 2015 waged a battle against online retailers Amazon and Walmart-controlled Flipkart, accusing them of deep discounts and flouting India's foreign investment rules.

Both e-tailers have denied the allegations.

Amazon has previously said its platform provides business opportunities to thousands of small sellers, artisans, weavers and women entrepreneurs. But CAIT is not convinced.

"We plan to organise peaceful rallies against Jeff Bezos in all major cities such as Delhi, Mumbai, Kolkata as well as smaller towns and cities," Praveen Khandelwal, the group's secretary general told Reuters.

"We expect to mobilise at least 100,000 traders in the protests."

With its 1.3 billion population and the world's second-biggest smartphone user base that relies on cheap data for social media and online shopping, India is a key market for U.S. retailers Amazon and Walmart to grow their business.

Discounts on their platforms have helped lure Indians to shop online for everything from groceries to large electronic devices, a phenomenon which traders say has unfairly hurt their business.

New Delhi introduced rules last year to protect nearly 130 million people dependent on small-scale retail -- a key voter base -- by deterring large online discounts.

The rules forced e-commerce firms to change their business structures, drawing criticism from the United States and straining the two countries' trade ties.

The federal commerce ministry is reviewing complaints and evidence filed by CAIT against Flipkart and Amazon, Reuters reported previously.

(Reporting by Sankalp Phartiyal and Aditya Kalra; Additional reporting by Jeffrey Dastin)

By Sankalp Phartiyal and Aditya Kalra

Stocks treated in this article : Walmart Inc., Amazon.com

© Reuters 2020 / Crédit photo © Maxppp
Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. -2.89% 3005 Delayed Quote.-4.99%
AT HOME GROUP INC. -1.78% 26.42 Delayed Quote.70.89%
BASE CO., LTD. 1.45% 5610 End-of-day quote.-8.78%
BASE, INC. -6.23% 10380 End-of-day quote.6.35%
CHANGE INC. -0.81% 3080 End-of-day quote.-12.62%
WALMART INC. -1.94% 127.59 Delayed Quote.-11.49%
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