Just 35 Sellers Accounted For Two-Thirds Of Amazon India Sales In Early 2019, Claims New Report
Click here to read full article from source
India, Feb. 17 -- In what could potentially result in a major investigation by Indian authorities, a report today claimed that Amazon had systematically misrepresented facts, twisted statements and tried tricks to avoid scrutiny under India's foreign direct investment rules for ecommerce marketplaces.
As per a Reuters report, the US tech giant gave preferential treatment to a select group of sellers with discounted commissions, and used them to bypass India's FDI restrictions, which were put in place in 2018 through the so-called Press Note 2.
The report claims, "Some 33 Amazon sellers accounted for about a third of the value of all goods sold on the company's website in early 2019."
It goes on to say that two sellers in which Amazon h...
To read the full article or to get the complete feed from this publication, please Contact Us