US Lobby Group Urges India Not to Tighten Rules for Foreign E-commerce
India is considering revising FDI rules after Indian traders accused Amazon s Indian division and Walmart s Flipkart of bypassing investment regulations.
Representative image. Photo: Reuters
World30/Jan/2021
New Delhi: A US lobby group which represents firms including Amazon.com and Walmart has urged India not to tighten foreign investment rules for e-commerce companies again, according to a letter seen by Reuters.
India is considering revising the rules after traders in the country accused Amazon’s Indian division and Walmart’s Flipkart of creating complex structures to bypass investment regulations, Reuters reported this month. The US companies deny any wrongdoing.
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NEW DELHI (Reuters) - A U.S. lobby group which represents firms including Amazon.com and Walmart has urged India not to tighten foreign investment rules for e-commerce companies again, according to a letter seen by Reuters.
FILE PHOTO: A shipment moves on a conveyor belt at an Amazon Fulfillment Centre (BLR7) on the outskirts of Bengaluru, India, September 18, 2018. REUTERS/ Abhishek N. Chinnappa/File Photo
India is considering revising the rules after traders in the country accused Amazon’s Indian division and Walmart’s Flipkart of creating complex structures to bypass investment regulations, Reuters reported this month.
The U.S. companies deny any wrongdoing.