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Shopkeepers furious as Amazon's Bezos pledges $1bn for India

US giant and rival Flipkart face probe over alleged competition violations

More than 500,000 traders joined hands in 300 cities across India on Wednesday to protest Amazon's business practices.   © Reuters

MUMBAI (NewsRise) -- founder Jeff Bezos arrived in India amid a storm of protests by hundreds of thousands of small retailers across the country and an antitrust probe into alleged violations of the nation's competition laws.

Bezos arrived on Tuesday, according to his Twitter post, to attend Amazon's summit for small and midsize businesses -- Amazon SMBhav -- where he announced the company's plans to invest $1 billion to digitally enable micro, small and midsize enterprises and traders across India.

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