January 26, 2020 AMAZON’S $1B INVESTMENT IN INDIA IS NOT A BIG FAVOR? Amazon is going to invest $1 billion in INDIA but India's trade minister isn't impressed with this investment? The nation trade minister Piyush Goyal said that the amount invested by Amazon company is not a big favor to the country. The total local investment in India operation up to date is 6.25 billion wherein $1 billion was been contributed by Amazon company announced by chief executive Jeff Bezos. A conference held on Thursday organized by think tank observer research foundation, in this conference goyal said that " so it is not as if they are doing a great favor to India when they invest a billion dollars". They may invest billion dollars but what if they make a loss of billion dollars every year. According to a regulatory filing, the Amazon marketplace reported a huge loss of $800 million in the last financial year (March 2019). How can a market place make such a big lo...