During today's address, Mr Bezos said: "The dynamism, the energy... the growth. This country has something special - and it's a democracy." He also said the online retail giant expects to export $10bn worth of India-made goods by 2025, and that Amazon has already committed to $5.5bn of investment in the country. India's e-commerce market is currently dominated by Amazon and Flipkart, which is owned by US retail giant Walmart. But both companies suffered a setback last year when the Indian government introduced new laws that restrict foreign-owned online retailers from selling goods from their own subsidiaries. Earlier this month a conglomerate run by Asia's richest man has started a service that aims to compete with Amazon in India. Mukesh Ambani's Reliance Industries said it had been inviting people to sign up to its grocery delivery service. The company is aiming to use its massive mobile phone customer base as a springboard for the business.
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