Amazon CEO and the world’s richest person Jeff Bezos will be visiting India next week and is likely to meet PM Narendra Modi, according to sources. Bezos will also attend an Amazon event focussing on small and medium businesses slated for January 15-16 in Delhi. He met PM Modi in October 2014 during his last visit to the country.
Amazon, which has seen significant growth in its business in India, has also witnessed protest from a section of traders in the country who claim that e-commerce giants including Amazon and Walmart-owned Flipkart offer deep discounts and engage in unfair business practices.
Last year, the government had tightened rules for eCommerce marketplaces with foreign investment. These rules barred such platforms from offering products of sellers in which they hold a stake and banned exclusive marketing arrangements among other clauses. Following this, Amazon restructured its joint ventures to ensure compliance.
Bezos is likely to discuss regulatory issues in his meeting with the government officials.
He is also slated to engage with SMBs during the SMBhav event. The event – which will focus on discussions around how technology adoption can enable SMBs in India – is slated to see participation from industry experts, policymakers, solution providers and Amazon leadership.