India to get USD 1 billion investment from Amazon

The global e-commerce firm, Amazon has announced the incremental investment of USD 1 billion in India. The investment will have the prime objective of digitising the small and medium businesses (SMB’s) in India. The firm has also announced its plans to boost its size and scale by exporting worth USD 10 billion of ‘Make in India’ goods by year 2025.

Important takeaways for all competitive exams:

• CEO of Amazon: Jeff Bezos; Established: 5 July 1994.

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