The government wants to better understand accounting practices at Amazon, the online giant’s investment pipeline and how it plans to engage with small retailers. This was among the subjects of discussion between commerce minister Piyush Goyal and Amazon India head Amit Agarwal when they met on Tuesday, said people aware of the matter.
In a related development, the Department for Promotion of Industry and Internal Trade (DPIIT) has written to ecommerce firms asking them how they can work with small retailers to boost such neighbourhood stores, indicating that a policy may be in the works in this regard, three senior industry executives said.
You might also be interested to read: India To Have 105 Unicorns By 2025; Grofers, Practo, Cardekho, Others Next To Hit $1 Billion Valuation
The minister suggested that Amazon engage more closely with the unorganised retail sector.
Source: Economic Times
