trending Market Intelligence /marketintelligence/en/news-insights/trending/Cmy9xOf8tjQhaUQENgp43Q2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Amazon CEO pledges $1B to fuel small-business growth in India

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Amazon CEO pledges $1B to fuel small-business growth in India Inc. will invest $1 billion to help small- and medium-sized businesses, or SMBs, in India to digitize in order to access online markets, India's CNBC TV18 reported Jan. 15, citing a statement made by Amazon Chairman and CEO Jeff Bezos at a company-hosted event in New Delhi.

"Twenty-five years ago Amazon was an SMB. Today we are announcing that we are going to invest $1 billion in digitizing SMBs" in India, Bezos reportedly said. "We will use Amazon's global footprint to export outside of India. We will export $10 billion worth of Make in India goods by 2025."

Amazon founder Bezos was speaking at the Amazon SMBhav, a business summit for micro, small and medium enterprises that runs from Jan. 15-16. The event was also attended by Amazon India Senior Vice President and Country Head Amit Agarwal, as well as executives from local companies, including Infosys Ltd. Co-founder Narayana Murthy and Future Group Founder and CEO Kishore Biyani, among others.

The pledge from Bezos follows an announcement on Jan. 13 by the Competition Commission of India that it would launch a probe into whether Amazon and Walmart Inc.'s Flipkart India Pvt. Ltd. stifle competition in the online market for smartphones in India following a complaint by Delhi Vyapar Mahasangh, a New Delhi-based organization that represents small traders.

Separately, the Press Trust of India reported on Jan. 15, citing documents from India's Ministry of Corporate Affairs, that Amazon has invested an additional 17 billion Indian rupees into its payments and wholesale businesses in India. Amazon Pay (India) Pvt. Ltd. has reportedly received 13.55 billion rupees, while Amazon Wholesale (India) Pvt. Ltd. has reportedly received about 3.60 billion rupees.

The Seattle-based e-commerce company has been financing continuously its Indian operations in recent years. Most recently, in November 2019, Amazon was reported to have invested an additional 44.73 billion rupees into its India-based subsidiaries.

As of Jan. 14, US$1 was equivalent to 70.86 Indian rupees.