AMAZON’S $1 BILLION, RS. 7,000 CR INVESTMENT IS SELF INTEREST, NOT FAVOUR TO INDIA
After India’s anti-trust review of Amazon and Flipkart for anti-competitive practices, Amazon announced its $1 Billion, Rs. 7,000 Crore planned investment in its eCommerce operations and to help small and medium businesses.
Amazon’s investment is in its business interest to grow in India. It is partly to fund losses in its operations, which in case it has to fund with new cash investment and it is to educate small and medium businesses to sell on Amazon. Some is welcome.
But the troubling issue is Amazon and Flipkart, the e-commerce giant’s possible “predatory pricing and unfair trade practices.” This could wipe out lakhs of small and medium businesses as has happened in the several other countiries. This is why lakhs of small retailers are protesting and the eCommerce giants need to be investigated..
Source: Washingtonpost
- 22 Jan 2020
- WerIndia
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