In what can be said as an expected move, Indian local traders across 300 cities staged protests opposing the visit of Amazon CEO Jeff Bezos on Wednesday. While the world’s richest man is busy addressing entrepreneurs at the company’s first Smbhav summit alongside Amazon India head Amit Agarwal, Confederation of All India Traders (CAIT) led numerous protests across the county. Reportedly over 5000 different trade associations participated in the protests raising ‘‘Go Back Jeff Bezos’ and ‘Go Back Amazon’ slogans.
Taking to his official social media handles, Sumit Agarwal, the National Secretary at CAIT stated that Jeff Bezos runs an organisation that expertise in predatory & anticompetitive business. He then addressed Jeff as an economic terrorist. In the wake of Competition Commission of India allegations that Amazon and Flipkart of making deals with preferred sellers on their platforms that lead to a foreclosure of other non-preferred sellers from the online marketplace, Jeff’s visit to India anticipated heat from the traders.
On the other hand, Bezos at the event attended on Wednesday announced that his organisation will be investing an incremental $1 billion (Rs 7,088.87 crore) to digitise Small and Medium Businesses (SMBs) in the country. This statement, however, welcomed criticism with allegations over financing India to crush retail trade.