One of the recent headlines is regarding Amazon, Jeff Bezos and his visit to India which is termed as a surprise one by Quartz. Now, it is worth mentioning that the Amazon founder did not have a totally surprise visit as he did inform the Indian Government prior to his visit. He had also sought appointments from the Indian Prime Minister and other ministers from the government. Since then, Jeff Bezos has attended the Amazon India event celebrating sellers and also attended various meetings of Indian CEOs and others.
However, the most notable part of this visit is that he did not meet any Indian ministers or the Prime Minister since he was not given an appointment in the first place. Even though Jeff Bezos said that this century is an Indian century and announced an investment of $1 billion in Amazon India, the Indians are not happy. This is because he was all set to meet protests from local traders during his visit who are not happy with Amazon’s deep discounting and other tactics of growth.
Also, it is worth noting that Amazon CEO arrived late at the event which meant that Narayana Murthy, Infosys’ CEO, had to cut down his speech from 20 minutes to just 5 minutes. He even said that “I am not used to such delays”. To make things worse, Amazon CEO was welcomed to India with an antitrust investigation due to the practices of Amazon and its rival Flipkart too.
India’s trade minister Piyush Goyal even said that Amazon is not doing them any favours by investing a billion dollars because if “they make a loss of a billion dollars every year, then they jolly well have to finance that billion dollars”. All in all, it must be said that Jeff Bezos did not have a great time in India which is not what the world’s richest person expected.