Jan 15: Amazon.com Inc Chief Executive Officer Jeff Bezos is facing a bitter welcome during his India visit this week as the country’s antitrust regulator initiated a formal investigation just hours before his arrival and trader bodies comprising millions of infuriated small store owners announced demonstrations.
Bezos is in New Delhi for the Smbhav summit, an Amazon India event for small and medium businesses. The billionaire is scheduled to conduct a fireside chat with Amazon India chief Amit Agarwal, anchoring an event that also features Infosys Ltd. co-founder Narayana Murthy and retail billionaire Kishore Biyani, who recently sold a stake in his retail group to Amazon. Ahead of the event, Bezos paid his respects at Mahatma Gandhi’s memorial, wearing a white tunic and a rust-colored Indian vest.
The small businesses that Amazon’s CEO is hoping to endear himself to, however, are organizing in opposition. The Confederation of All India Traders announced that members of its affiliate bodies across the country would stage sit-ins and public rallies in 300 cities to raise a war cry against the world’s largest online retailer. In a letter to Prime Minister Narendra Modi last week, the confederation’s Secretary General Praveen Khandelwal alleged that Amazon, much like Walmart Inc.-owned Flipkart, was an “economic terrorist” who engaged in predatory pricing that deprived the government of tax revenue and “compelled the closure of thousands of small traders.”
India’s e-commerce market is projected to grow to $150 billion by 2022, according to a 2018 report by software industry group Nasscom and consulting firm PwC India. Competition for this rapidly expanding sector is intensifying as Asia’s richest man, Mukesh Ambani, prepares to go live with JioMart, an online shopping platform challenging Amazon and Walmart directly. The latter’s Flipkart Online Services Pvt is also delving deeper into the countryside in its pursuit for more customers. Amazon, for its part, opened a huge office complex in the southern city of Hyderabad in September, underscoring its commitment to the country.
The Competition Commission of India said it would probe the deep discounts, preferential listings and exclusionary tactics that Amazon and Flipkart are alleged to have used as anti-competitive levers. India’s trade bodies have long argued that both retail giants were flouting rules by promoting sales and discounts through their favoured sellers, many of whom they have preexisting commercial arrangements. The regulator has ordered for the investigation to be completed within two months.
Bezos last visited India in 2014 under starkly different circumstances. During that trip, the Amazon founder wore local festive garb, rode atop a festooned truck for a photo opp and presented Amazon’s Indian unit with a giant check for $2 billion. Since then, Amazon has pledged a further $3.5 billion to expand in the country.
Comments
Ananth Kumar uncultured, absolutely unfit as a politician.
This man is the worst crazy type of person as peoples rep.
You can imagine if a MP is behaving like this, what could be the credentials of his party and those who elected him.
He is so stupid, he does not have brain to think, that
To follow any religion, is required who is his father or mother.
Our constitution fully empowers every citizen to follow the religion of their choice, propagate it
also.
No religion refuses anyone from following their choice of religion.
Is Rajeev Gandhi Muslim.
This so called MP does not know also, Rajeev Gandhi’s father Firoz Gandhi was a Farsi man.
I hope Rajeev Gandhi is Muslim, but we know he is not.
Becoming Muslim is it sin. Muslim means person who submits to the will of his creator the God.
I can prove that Hege’s ancestor Father was Muslim. Our first father Adam was Muslim, biologically all were Muslims. Again Muslim means person who obeys or submits to his creator.
But later as they grow, they inherited their parents or chose to remain their parents religion.
Is it sin. This is what requ
This man is the worst crazy type of person as peoples rep.
You can imagine if a MP is behaving like this, what could be the credentials of his party and those who elected him.
He is so stupid, he does not have brain to think, that
To follow any religion, is required who is his father or mother.
Our constitution fully empowers every citizen to follow the religion of their choice, propagate it
also.
No religion refuses anyone from following their choice of religion.
Is Rajeev Gandhi Muslim.
This so called MP does not know also, Rajeev Gandhi’s father Firoz Gandhi was a Farsi man.
I hope Rajeev Gandhi is Muslim, but we know he is not.
Becoming Muslim is it sin. Muslim means person who submits to the will of his creator the God.
I can prove that Hege’s ancestor Father was Muslim. Our first father Adam was Muslim, biologically all were Muslims. Again Muslim means person who obeys or submits to his creator.
But later as they grow, they inherited their parents or chose to remain their parents religion.
Is it sin. This is what required a person to be loyal to his creator and obey his creator.
May God give wisdom to this man and save his followers.
ired a person to be loyal to his creator and obey his creator.
May God give wisdom to this man and save his followers.
This person is mentally sick and does not know about parents of Rahul Gandhi. He thinks everyone like him who has no trace of his own parents. This Gowda has no trace from where he came. He should be kicked out to andaman to live with monkeys, apes etc.
this man have more more hatrate to mulsim community..
after 2019 they will make you to count your sin did in past..
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