Red India News Today

Scouting for allies before debut, Amazon pledged minimum returns SECTIONS Share Synopsis In 2010, three years before Amazon made its India e-commerce marketplace debut, the US giant circulated an investment proposal, code-named Red, to a few select potential local partners for a retailing venture. Reuters In 2010, Amazon was scouting for a reliable Indian partner as the country’s foreign direct investment laws forbade global companies from stocking and selling their own wares on technological...