Business

Indian business owners are furious about Amazon's $1 billion expansion into their country and are calling Jeff Bezos an 'economic terrorist'

8 days ago   |   By Business Insider

REUTERS/Adnan Abidi
Small business owners in India are protesting Amazon , saying they won't be able to compete with the steep discounts it offers other suppliers.
An organizer of the protest said Amazon will "destroy small retailers" and called CEO Jeff Bezos an "economic terrorist."
The protests coincided with Bezos' trip to India, where he announced on Wednesday that Amazon plans to invest $1 billion in the country, calling a US-India alliance the "most important" of the 21st century.
Meanwhile, India's antitrust regulator just opened an investigation into potential unfair business...
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Jeff Bezos is visiting India amid protests and a government investigation into Amazon - here's what his trip has been like so far

Jeff Bezos is visiting India amid protests and a government investigation into Amazon - here's what his trip has been like so far

8 days ago   |   By Business Insider

Anushree Fadnavis/Reuters
Amazon CEO Jeff Bezos visited India this week for the first time in more than five years.
Bezos has been out and about, flying kites with kids, visiting Mahatma Gandhi's tomb, and dressing in Indian clothing.
But his visit has also been controversial: shortly before he arrived, India's antitrust regulators opened an investigation into Amazon, and business owners have been protesting Bezos and Amazon.
Visit Business Insider's homepage for more stories.
Jeff Bezos has had a busy week.
The Amazon CEO visited India this week for the first time in more than five years...
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