Amazon Not Doing India a Favour by Investing a Billion Dollars: Commerce Minister Piyush Goyal

Amazon conference showcases robots and social uses of artificial intelligence

https://www.news18.com/news/business/amazon-not-doing-india-a-favour-by-investing-a-billion-dollars-says-commerce-minister-piyush-goyal-2460437.html“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.

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