India plans foreign investment rule changes that could hit Amazon

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Tue, 2021-01-19 09:58

NEW DELHI: India is considering revising its foreign investment rules for e-commerce, three sources and a government spokesman told Reuters, a move that could compel players, including, to restructure their ties with some major sellers.
The government discussions coincide with a growing number of complaints from India’s brick-and-mortar retailers, which have for years accused Amazon and Walmart-controlled Flipkart of creating complex structures to bypass federal rules, allegations the US companies deny.

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