Amazon.com seeks FDI policy relaxation for retail e-commerce
Quotes

Amazon.com seeks FDI policy relaxation for retail e-commerce

Last Updated: Tuesday, February 12, 2013, 19:36
 
 Comment 0
 
Amazon.com seeks FDI policy relaxation for retail e-commerce
New Delhi: Global online retailer Amazon.com on Tuesday sought relaxation in the FDI policy, which restricts such companies from offering services directly to retail consumers.

Currently, 100 percent Foreign Direct Investment (FDI) is allowed only in Business to Business (B2B) e-commerce and not in retail trading.

The issue was raised by Amazon Global Vice President the Paul E Misener with his meeting with Commerce and Industry Minister Anand Sharma here.

"We talked about it," Misener said when asked whether he has sought policy relaxation in e-commerce from Sharma.

"We talked to the government officials on all kinds of issues...(we are) trying to find a better way to serve our Indian customers, both sellers and buyers," he told reporters here after the meeting.

He said Amazon has employed about 9,000 people in India.

"We have nearly 9,000 employees here in the country and we are looking ways to better serve our customers," he added.

PTI



First Published: Tuesday, February 12, 2013, 19:31


Comments


comments powered by Disqus
G20 Summit 2014
G20 Summit 2014
2014`s Top People in Business: Fortune
2014`s Top People in Business: Fortune
World Bank`s Top 10 Places for Business
World Bank`s Top 10 Places for Business
India`s top ten billionaires
India`s top ten billionaires
Top 10 billionaire cities- In Pics
Top 10 billionaire cities- In Pics

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved