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The draft addresses six broad issues -- data, infrastructure development, e-commerce marketplaces, regulatory issues, stimulating domestic digital economy and export promotion.
As the Narendra Modi government's new guidelines for foreign e-commerce players kick in, Amazon and Flipkart regulars have a lot to prepare for.
Amazon, Flipkart have amassed vast inventories and had sought a four- to six-month extension to help offload those products.
Modi govt is forcing Amazon CEO Jeff Bezos to fight Ambani with one hand tied behind his back.
Jio currently has 280 million subscribers, while Ambani’s retail arm operates nearly 10,000 outlets.
The new rules could be a blow for Amazon & Flipkart, which are attempting to crack India’s consumer market & capture its growth potential.
With more people using e-commerce sites like Amazon and Flipkart, warehouses are fast replacing housing as the hot new property.
ED probe comes after NGO filed PIL alleging Flipkart, Amazon circumvented FDI norms by routing popular products through multiple entities.
Allegations against Binny Bansal arose just after Flipkart agreed to sell a controlling stake to Walmart.
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