US E-Commerce Giants Are ‘Arrogant’, Flouting Our Laws: Piyush Goyal
Goyal did not directly name Amazon or Walmart s Flipkart or specify which laws had been flouted. By Reuters | Updated: 28 June 2021 09:57 IST
Photo Credit: Twitter/ @PiyushGoyal
Highlights
Goyal also criticised companies for indulging in forum shopping
Flipkart and Amazon have appealed against the CCI s bid
Indian Commerce Minister Piyush Goyal has ratcheted up the heat on US ecommerce giants like Amazon and Walmart, accusing them of arrogance and of flouting local laws by indulging in predatory pricing practices.
Goyal said companies were using their scale and access to large pools of low-cost capital to indulge in predatory pricing practices to the detriment of mom-and-pop stores.
Indian commerce minister: Arrogant US ecommerce giants flout our laws
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Indian commerce minister: Arrogant U S ecommerce giants flout our laws
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