Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Technology
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Visual Stories
  • Reviews
  • Phone Reviews
  • Fitness Bands Reviews
  • Speakers Reviews
  • Find Cricket Statistics
Hindi
More
In the news
Twitter
Cryptocurrency
Sensex
Inflation
Stock Market
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Technology
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Visual Stories
Reviews
Phone Reviews
Fitness Bands Reviews
Speakers Reviews
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / Business News / India's planned foreign investment policy changes could hurt Amazon
Business

India's planned foreign investment policy changes could hurt Amazon

India's planned foreign investment policy changes could hurt Amazon
Written by Chandraveer Mathur
Jan 21, 2021, 11:56 pm 2 min read
India's planned foreign investment policy changes could hurt Amazon

Sources informed Reuters of Indian government's plans to change foreign investment policies that could impact the e-commerce giants like Amazon and Walmart. The December 2018 amendment had barred the platforms from offering products from sellers in which they had an equity stake. The new rule may impact the e-commerce firm even if it holds an indirect stake in a seller. Here are more details.

Changes afoot
Changes will compel Amazon to restructure ties with sellers

Since e-tail giants such as Amazon and Walmart-backed Flipkart entered the Indian retail sector, local brick-and-mortar retailers have expressed growing concern over their discriminatory practices such as discounted prices and frequent promotional offers. It is reported that the upcoming policy changes may leave Amazon with no choice but to restructure ties with sellers and change the way it does business.

Tightening reins
Ministry of Commerce's spokesperson says Amazon's opinions are valued

Meanwhile, the Ministry of Commerce and Industry's spokesperson Yogesh Baweja told Reuters that further policy changes will be announced through a press note. He added that the changes are a work in progress, and the last internal meeting on the subject took place about a month ago. Mr. Baweja said Amazon is a big player and its opinion will be given due consideration.

Regulatory minefield
Indian policymakers should tread carefully as US stance presently uncertain

Amazon and Flipkart had to amend their business structure after the 2018 changes to the policy. This soured relations between India and US, as Washington said the policy favors local e-tailers. Local players have since complained that the companies have engineered workarounds to the regulations. However, the government should exercise caution while implementing protectionist measures as the new Biden government's stance is presently unclear.

Pro India
Government open to amending policies to help local enterprises

Last year, Commerce Minister Piyush Goyal had said Amazon was not doing "a great favor to India" with fresh investments. Amazon, Flipkart and Walmart did not respond to Reuters' request to comment. Considering the role e-commerce played during the pandemic as well as the destructive effect their practices have had on local businesses, it is open to speculation which way the scales would tip.

Share this timeline
Facebook
Whatsapp
Twitter
Linkedin
Chandraveer Mathur
Chandraveer Mathur
Mail
I am a design engineer with a knack for all things related to tech, smartphones, photography, and automobiles. When I am not tinkering with gadgets, I enjoy books, CGI, a lovingly curated audio library, and therapeutic solo drives.
Latest
Flipkart
Reuters
Piyush Goyal
Walmart
Amazon
Latest
In surprise move, Chinese media defends India's wheat export ban
In surprise move, Chinese media defends India's wheat export ban World
Char Dham Yatra: Health screening amid pilgrim deaths; details here
Char Dham Yatra: Health screening amid pilgrim deaths; details here India
BAN vs SL, 1st Test: Mathews' 199 headlines Day 2
BAN vs SL, 1st Test: Mathews' 199 headlines Day 2 Sports
Teaser of Nayanthara's 'O2' dropped; film premiering on Disney+ Hotstar
Teaser of Nayanthara's 'O2' dropped; film premiering on Disney+ Hotstar Entertainment
IPL 2022, PBKS vs DC: Mayank Agarwal elects to field
IPL 2022, PBKS vs DC: Mayank Agarwal elects to field Sports
Flipkart
Samsung Galaxy F23 5G's Copper Blush variant introduced in India
Samsung Galaxy F23 5G's Copper Blush variant introduced in India Technology
Nokia launches new smart TVs in India with Android 11
Nokia launches new smart TVs in India with Android 11 Technology
POCO M4 5G launched in India at Rs. 13,000
POCO M4 5G launched in India at Rs. 13,000 Technology
Realme GT 2's sale starts today in India via Flipkart
Realme GT 2's sale starts today in India via Flipkart Technology
Infinix Smart 6 debuts in India at Rs. 7,500
Infinix Smart 6 debuts in India at Rs. 7,500 Technology
More News
Reuters
Pulitzer-winning Indian photojournalist Danish Siddiqui killed in Afghanistan
Pulitzer-winning Indian photojournalist Danish Siddiqui killed in Afghanistan World
Indian photojournalist, Danish Siddiqui, killed in Afghanistan's Kandahar province
Indian photojournalist, Danish Siddiqui, killed in Afghanistan's Kandahar province World
India's annual electricity use down first time in 35 years
India's annual electricity use down first time in 35 years India
Robinhood reportedly sells GameStop shares without permission from traders
Robinhood reportedly sells GameStop shares without permission from traders Business
Cristiano Ronaldo under investigation over potential breach of COVID-19 protocols
Cristiano Ronaldo under investigation over potential breach of COVID-19 protocols Sports
More News
Piyush Goyal
'Watershed Moment': PM Modi after signing trade pact with Australia
'Watershed Moment': PM Modi after signing trade pact with Australia India
Rahul Gandhi slams Amit Shah over 'shoe-incident', BJP hits back
Rahul Gandhi slams Amit Shah over 'shoe-incident', BJP hits back Politics
UK, India to boost partnership; free trade agreement talks on
UK, India to boost partnership; free trade agreement talks on India
'Congress compromising national security,' Piyush Goyal on Punjab crisis
'Congress compromising national security,' Piyush Goyal on Punjab crisis Politics
Railway Minister promises train service to Kashmir before 2024
Railway Minister promises train service to Kashmir before 2024 India
More News
Walmart
You may pay extra for mobile recharges on PhonePe
You may pay extra for mobile recharges on PhonePe Technology
Future Group, Reliance ignore ruling to hold $3.4bn deal
Future Group, Reliance ignore ruling to hold $3.4bn deal Business
NewsBytes Briefing: Apple launching iPhone 12 on October-13, and more
NewsBytes Briefing: Apple launching iPhone 12 on October-13, and more Technology
Google Pixel launch event: When, where to watch
Google Pixel launch event: When, where to watch Technology
Reliance Retail scores Rs. 3,675cr from General Atlantic: Details here
Reliance Retail scores Rs. 3,675cr from General Atlantic: Details here Business
More News
Amazon
#DealOfTheDay: Apple iPhone 13 available with discounts worth Rs. 13,000
#DealOfTheDay: Apple iPhone 13 available with discounts worth Rs. 13,000 Technology
Xiaomi Pad 5's sale in India starts today: Check offers
Xiaomi Pad 5's sale in India starts today: Check offers Technology
Amazon Summer Sale starts May 4: Deals on smartphones revealed
Amazon Summer Sale starts May 4: Deals on smartphones revealed Technology
Xiaomi 12 Pro goes on sale in India: Check offers
Xiaomi 12 Pro goes on sale in India: Check offers Technology
Nokia G21 launched in India at Rs. 13,000: Check specifications
Nokia G21 launched in India at Rs. 13,000: Check specifications Technology
More News
Next News Article
Next News Article

Love Business news?

Subscribe to stay updated.

Business Thumbnail
India News Business News World News Politics News Sports News Technology News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Mukesh Ambani Indian Premier League (IPL) Karnataka Samsung Xiaomi West Bengal
Bihar Virat Kohli Rohit Sharma Haryana Narendra Modi Arvind Kejriwal Tamil Nadu Gujarat Yogi Adityanath YouTube
Instagram Hollywood News Uttar Pradesh Kerala Netflix Bollywood News Mamata Banerjee Maruti Suzuki Rahul Gandhi Elon Musk
Shah Rukh Khan Chelsea FC OPPO Akhilesh Yadav Indian Cricket Team Apple Manchester United Salman Khan Cryptocurrency OnePlus
Amitabh Bachchan ICC Women's World Cup Vivo India vs Sri Lanka
About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive IPL 2022 Schedule IPL 2022 Points Table Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2022