NO NEED TO CREATE JOBS IN INDIA BY BREAKING LAW, AMAZON CEO JEFF BEZOS FACES CRITICISM

Amazon CEO Jeff Bezos’s statement that he would create 1 million, direct and indirect jobs in India by 2025 met with a lot of cheerful response. The company, further, stated that it will heavily invest in technology, infrastructure and logistics among others to fulfil this commitment. However, Commerce Minister Piyush Goyal is anything but happy. Goyal said that far from being happy, foreign companies’ assurance of creating jobs in India should be seen from the perspective of the overall job losses the country will witness.

In order to stress his point better, Goyal highlighted that companies can’t create 7 lakh jobs by breaking laws, flouting anti-competitive restrictions, monopolising certain markets, and thereby cutting millions of jobs. “These practices incur huge losses to the country which I am bound to of course finance,” an Economic Times report quoted him as saying.

Goyal also added that his comments wouldn’t send a wrong signal to potential foreign investors and stressed that India welcomes values and respects foreign investment.