e-retailers flouting law

While foreigners can invest in the B2B segment of the chain, they cannot enter the B2C one. Clearly, e-retailers, who have attracted FDI, cannot sell directly to the final consumers

Amazon, the US online retail giant, has admitted that there are huge question marks over its Indian operations. In a recent filing with the American stock market regulator, Securities and Exchange Commission, it said that its activities in India could flout existing or future laws, or their interpretations, by government officials.

http://www.gfilesindia.com/frmArticleDetails.aspx?id=1176&Name=GOVERNANCE

 

 

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About gfilesmagazine

gfiles is the country's first independent magazine written, designed and produced for India's civil services—the vast and formidable network of bureaucracies and public sector organisations that provides continuity and stability to this nation's governance.
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