Amazon fails to quash investigation into its Indian selling practices

amazon fails to quash investigation into its indian selling practices

Sumary of Amazon fails to quash investigation into its Indian selling practices:

  • The Indian competition commission is to relaunch an investigation into Amazon selling practices, which will examine the company £1bn a year joint venture with UK chancellor Rishi Sunak billionaire father-in-law..
  • The investigation, originally announced in January 2020, will proceed after an Indian court on Friday dismissed pleas by Amazon and its rival – the Walmart-owned Flipkart – to quash its investigation into the business practices of the huge US retailers..
  • Under India foreign direct investment law, overseas companies are banned from running an online retailer that holds inventory and then sells the goods directly to Indian consumers online..
  • So instead, US websites such as Amazon.in are run as a “marketplace”, with Indian retailers selling their products via the site in return for paying the US company a fee..
  • The issue is politically sensitive, as it has the potential of enraging millions of small internet retailers who form a chunk of Indian prime minister Narendra Modi political base….

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