New Delhi, Jan. 16 -- Over five lakh traders, across 300 cities, came together under the umbrella of Confederation of All India Traders (CAIT) on Wednesday to protest against the visit of Amazon founder and CEO Jeff Bezos, who announced an investment of USD 1 billion to train MSMEs join online platform.
Bezos announced an investment of one billion dollars to bring more than one crore Indian businesses online and enable exports of India-made goods worth 10 billion dollars by 2025.
Reacting over the same, CAIT Secretary General Praveen Khandelwal said the business model of e-commerce giant Amazon and its subsidiary Flipkart involves predatory pricing and deep discounting which has created distortionary effects.
''Its not an investment b...