Tata gets bullish on e-commerce just as rules threaten to transform

tata gets bullish on e commerce just as rules threaten to transform

Sumary of Tata gets bullish on e-commerce just as rules threaten to transform:

  • NEW DELHI: The Tata Group is taking a more vocal interest in rules shaping online marketplaces, hinting at ambitions as it reappraises its retail strategy just as e-commerce reform threatens to muddy plans.
  • The $106 billion conglomerate yet e-commerce minnow was far more vociferous in discussions than market leader Amazon.
  • com Inc at a July 3 meeting with government officials about proposals such as the prohibition of sales of own-brand or affiliates’ goods, attendees said.
  • The rules would greatly increase the compliance burden of a conglomerate’s numerous entities and interests, and hurt them far more than smaller rivals, Tata vice president Poornima Sampath told the online gathering, according to two attendees.
  • Two weeks earlier, the government spooked the industry by proposing increased scrutiny of relationships between online marketplace operators and their partners.
  • The plan was widely regarded as an attempt to curb the dominance of Amazon and Walmart Inc’s Flipkart and support high-street shops.
  • The 153-year-old Tata conglomerate is ubiquitous on Indian high streets, so its voice in favour of e-commerce at the July 3 meeting indicates the degree to which it is changing tack.
  • The firm is arguably best known internationally as owner of British luxury car brand Jaguar Land Rover, but it also makes cars at home under its own brand.

Want to know more click here go to source.

From -

Generic selectors
Exact matches only
Search in title
Search in content

Site Language

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.