Home / Business / Indian Commerce Minister: US e-commerce giant ‘arrogant’ violates our law

Indian Commerce Minister: US e-commerce giant ‘arrogant’ violates our law

NEW DELHI, June 27 (Reuters) – Indian Commerce Minister Piyush Goyal has heated up U.S. e-commerce giants such as Amazon and Walmart, accusing them of arrogance and legitimacy. local by following predatory pricing guidelines.

Goyal said that companies are using their scale and access to massive low-cost funding to indulge in predatory pricing practices “to the detriment of mom-and-pop stores.”


“A number of these big e-commerce companies have come into India and have blatantly disrespected the laws of the territory in many ways,” he told a virtual event on Saturday.

“I have been in contact with these large companies many times. especially American companies And I see a little arrogance,” he said.

Goyal did not directly name Amazon.com (Amazon.com) or Walmart Inc’s (WAL.N) Flipkart, two prominent e-commerce players in India – or specify which laws are abusing. But his comments come at a time when small traders and retailers India’s cheers which accuses US giants that circumvents Indian consumer protection laws and competition laws.

Amazon and Flipkart did not immediately respond to a request for comment on Goyal’s offensive criticism.

Both companies have denied the allegations that level traders are against them.

Goyal also criticized the companies for releasing in It has “shopping forums” in court and does not follow an investigation launched by the Competition Commission of India (CCI).

Flipkart and Amazon have appealed against CCI’s bid to restart an investigation into their business practices. After a judge this month ignored the company’s original testimony,

“For my thoughts If they have nothing to hide If they are doing business honestly Why aren’t they responding to CCI?” Goyal said at a virtual event hosted by the Stanford India Policy and Economics Club.

His comments come days after India unveiled a new set of e-commerce rules that could undermine Amazon and Flipkart’s ambitions in India and force the pair to review some business structures. Read more

In other words, in a letter to Prime Minister Narendra Modi on Sunday All India Merchant Union accuses e-commerce companies of treating India as “Banana Republic” with weak laws

The agency urged the government to ensure that the proposed e-commerce rules are not diluted. Despite the lobbying efforts of the e-commerce giant

US-India Business Council which is the leading lobby group in the United States. It mentions the new e-commerce rules proposed by India as related to the record within this week. Read more

Reporting by Manoj Kumar; Edited by Uan Rocha and Prawin Ja

Our Standard: Thomson Reuters Trust Principles

Source link