Amazon’s planned $1 billion investment in India has not been met with open arms.
On Wednesday, CEO Jeff Bezos announced that the e-commerce giant wants to put money into “digitizing small and medium businesses” and said that, in the 21st century, “the most important alliance is going to be the alliance between India and the United States.”
However, small business owners in India don’t seem to think that alliance should involve Amazon, and thousands took to the streets this week in protest. Sumit Agarwal of the Confederation of All India Traders (CAIT) said demonstrations were planned in as many as 300 cities across the country.
Agarwal said in a tweet Amazon will “destroy small retailers” and called Bezos an “economic terrorist.”
—SUMIT AGARWAL (@sumitagarwal_82) January 15, 2020
Here’s a look at a few of the protests and why shop owners are so opposed to Amazon’s presence in India.