Jeff Bezos to step down as Amazon CEO
It s not a good day to be Amazon in India. After a recent report by Reuters cited some internal Amazon documents to allege that the e-commerce giant s strategy to dodge Indian regulators. The report said that two more sellers on the e-commerce giant s India platform – merchants in which Amazon had indirect equity stakes – accounted for around 35 per cent of the platform s sales revenue in early 2019. It means some 35 of Amazon s more than 400,000 sellers in India at the time accounted for around two-third of its online sales.
Following this alleged revelation, Amazon was on the receiving end of severe backlash on social media. In addition, the Confederation of All India Traders (CAIT) has called for a ban on Amazon, claiming that the findings of the Reuters report are reason enough to bar the US-based e-commerce giant from conducting its operations in the country.
CAIT demands ban on Amazon in India, seeks action against e-commerce firms business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Amazon favoured select retailers: Report
Amazon favoured select retailers: Report
By:Meenu Rana, The Mobile Indian, New Delhi
Last updated : February 18, 2021 3:55 pm
Advertisement
American e-commerce giant Amazon has been accused of favouring big sellers/retailers on its platform in India. After this, a group of Indian retailers have urged the government to ban the local operations of Amazon.
A report by news agency Reuters has revealed that Amazon few sellers in India are accounted for as much as 35 per cent of platform s sales revenue in early 2019. This means that only 35 of Amazon s seller base of 4 lakh small retailers in India accounted for around two-third of its online sales in the country.
The Confederation of All India Traders (CAIT) said dharnas (protests) will be held nationwide in 1,500 places demanding the Centre, state governments and the GST Council to keep in abeyance the draconian provisions of GST., , Commercial Markets, cait, GST system, AITWA, Goods and Services Tax (GST)