Amazon Not Doing India a Favour by Investing a Billion Dollars: Commerce Minister Piyush Goyal (www.news18.com)

“They (Amazon) may have put in a billion dollars, but if they make a loss of a billion dollars every year, then jolly well will have to finance that billion dollar. So, it is not as if they are doing a favour to India when they invest a billion dollars”, said Union Commerce Minister Piyush Goyal.

Goyal said e-commerce companies have to follow Indian rules in letter and spirit and not find loopholes to make a back-door entry into the multi-brand retail segment.