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Become A Startup Insider With Inc42 Plus
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To ease out regulatory challenges in India, Amazon founder and CEO, Jeff Bezos, is going to meet Prime Minister Narendra Modi and other government officials next week in New Delhi.
The visit of Amazon head comes on the heels of the series of allegations raised by the Confederation of All India Traders (CAIT) against ecommerce companies such as Amazon and its Indian competitor Flipkart. The traders’ body has been alleging that both Amazon and Flipkart are flouting foreign direct investment (FDI) norms.
The traders’ body has been reiterating that predatory pricing, controlling inventory and maintaining preferential seller system are creating an uneven playing field, unfair and unethical competition.
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