India May Ease E-Commerce Rules That Would Boost Amazon Sales - video Dailymotion

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4 months ago

India may ease rules to let e-commerce giants like Amazon buy goods directly from sellers for export. The proposal, tied to a U.S.-India trade deal, faces pushback from small retailers wary of supply chain control.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02India's government has drafted a proposal to ease foreign investment rules,

00:05allowing e-commerce companies such as Amazon to buy goods directly from Indian sellers for export,

00:10that according to Reuters. Current rules bar foreign e-commerce firms from direct sales,

00:14permitting them only to run marketplaces that connect buyers and sellers for a fee.

00:18Those changes come as New Delhi and Washington seek to finalize a long-delayed trade deal.

00:22Small Indian retailers have pushed back, warning the move could give foreign giants

00:26control over supply chains and risk diversion into the domestic market.

00:30Amazon has said the plan would benefit Indian exporters,

00:32setting $13 billion in exports generated since 2015, the goal of reaching $80 billion by 2030.

00:38For all things money, visit Benzinga.com.

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