Exclusive: India plans foreign investment rule changes that could hit Amazon
By Aditya Kalra and Krishna N. Das
NEW DELHI (Reuters) – India is considering revising its foreign investment pointers for e-commerce, three sources and a authorities spokesman knowledgeable Reuters, a switch that could compel players, along with Amazon.com Inc, to restructure their ties with some predominant sellers.
The authorities discussions coincide with a rising number of complaints from India’s bricks-and-mortar retailers, which have for years accused Amazon and Walmart Inc-controlled Flipkart of creating superior buildings to bypass federal pointers, allegations the U.S. companies deny.
India solely permits foreign e-commerce players to operate as a market to connect customers and sellers. It prohibits them from holding inventories of merchandise and instantly selling them on their platforms.
Amazon and Walmart’s Flipkart have been ultimate hit in Dec. 2018 by investment rule changes that …