Amazon announced that it is planning to create 1 million new jobs in India by 2025 through continued investments in technology, infrastructure, and logistics network. This comes three days after company founder and CEO Jeff Bezos visited India.
According to Amazon press statement, the jobs will be created both directly and indirectly across industries, including information technology, skill development, content creation, retail, logistics, and manufacturing, and are in addition to the 700,000 jobs Amazon’s investments have enabled over the last six years in India.
“We are investing to create a million new jobs here in India over the next five years. We’ve seen huge contributions from our employees, extraordinary creativity from the small businesses we’ve partnered with, and great enthusiasm from the customers who shop with us—and we’re excited about what lies ahead,” Jeff Bezos said.
On his visit to India Bezos had said that his company will invest US$ 1 billion in digitising small and medium scale businesses (SMBs) in India. Speaking at the Amazon SMBhav summit, Bezos further said that the e-commerce giant will be using its global footprint to export US$ 10 billion worth of Make In India goods by 2025.
The government has prioritized job creation and skilling initiatives including the training of more than 400 million people by 2022 in rural and urban areas.
According to Indian Express, Bezos’ visit has been marked by Competition Commission of India initiating a formal investigation into alleged deep discounts, preferential listing and exclusionary tactics adopted by Amazon and Flipkart, and small store owners demonstrating on the streets against online retailers driving them out of business by offering sharply discounted products.
According to a report, India is among the fastest-growing markets for the e-commerce sector. Revenue from the sector is expected to increase to USD 120 billion in 2020 from USD 39 billion in 2017, growing at an annual rate of 51 percent. Competition in the sector is also set to intensify as India’s richest man, Mukesh Ambani has announced plans to launch his own e-commerce venture.
Subscribe to our Daily Newsletter!