donganaaK Posted November 2, 2014 Report Posted November 2, 2014 Amazon may discontinue operations in India PTI | November 02, 2014, 08.11 am IST inShare16 Printer-friendly version Send by email Amazon Inc sees ‘substantial uncertainties’ in interpretation of India laws New York: Global e-commerce company Amazon has said it sees "substantial uncertainties" in interpretation of Indian laws, which could impact its business in one of the world's fastest-growing multi-billion dollar online shopping market. The US-based firm expressed similar views on rules in China. "There are substantial uncertainties on the interpretation of China and India's laws, and is possible the government will take a view contrary to ours," Amazon said in a regulatory filing to the US Securities and Exchange Commission (SEC). The firm said: "Our Chinese and Indian businesses and operations may be unable to continue to operate if we or our affiliates are unable to access sufficient funding or if China enforces contractual relationships with respect to the management and control of such businesses." Amazon added if its international activities were found in violation of any existing or future China or India's laws or regulations, its businesses in those countries could be subject to fines and other financial penalties, have licences revoked, or be forced to shut. It said in India the government restricted ownership or control of Indian companies by foreign entities involved in online multi-brand retail trading activities. Amazon, like its domestic rivals Flipkart and Snapdeal, operates under a marketplace model, where it offers its platform to sellers across the country. "For www.amazon.in, we provide certain marketing tools and logistics services to third-party sellers to enable them to sell online and deliver to customers. Though we believe these structures and activities comply with existing laws, they involve unique risks," Amazon added. The disclosure comes amid reports of Amazon facing tax issues with local authorities in Karnataka. In July, Amazon had said it will invest $2 billion (Rs 12,000 crore) in India to expand business, after its largest Indian rival Flipkart announced $1 billion in funding. Amazon, which launched its marketplace in India last year, said the country is one of its fastest-growing markets and on track to touch $1 billion in gross sales.
mukunda1 Posted November 2, 2014 Report Posted November 2, 2014 half daridram voduluthundi le. encourage walmart or bestbuy not amazon.
donganaaK Posted November 2, 2014 Author Report Posted November 2, 2014 half daridram voduluthundi le. encourage walmart or bestbuy not amazon. this news is abt india.....
Spartan Posted November 2, 2014 Report Posted November 2, 2014 Home grown e-commerce ki place ana maata
mukunda1 Posted November 2, 2014 Report Posted November 2, 2014 this news is abt india..... yah i am saying abt india only......dont encourage online retailers. govt need to encourage FDI in multibrand retailers like walmart, bestbuy......not amazon....amazon is shit to economy.
donganaaK Posted November 2, 2014 Author Report Posted November 2, 2014 yah i am saying abt india only......dont encourage online retailers. govt need to encourage FDI in multibrand retailers like walmart, bestbuy......not amazon....amazon is ###### to economy. thats for the people to decide , vaallaki edi convenient oh akkada konukkuntaaru ..... not every body can go to the stores to buy everything they need .... but the laws should be fair to every business and trade ,
narap1i Posted November 3, 2014 Report Posted November 3, 2014 At present anything is better than flipkart....mari worst ga thayaru ayyadu ee flipkart vaadu...
vaade_veedu Posted November 3, 2014 Report Posted November 3, 2014 Lite online lo kooda Fdi ante manake bokka
ChandraSekharCherukuri Posted November 3, 2014 Report Posted November 3, 2014 At present anything is better than flipkart....mari worst ga thayaru ayyadu ee flipkart vaadu... nuuvu india lo vuntava ? bayata country lo vuntava ? India lo vunde chana mandi naa freidns Flipkart is better than Amazon ani annaru
teliyadu_nuvvu Posted November 3, 2014 Report Posted November 3, 2014 not its true... due to non transparent govt rules .. they are opting to quit.. more details check todays TOI
god father Posted November 3, 2014 Report Posted November 3, 2014 not its true... due to non transparent govt rules .. they are opting to quit.. more details check todays TOI TOI is one big sucker !!!! but if this is true then amazon has spent an awful lot of money !!!!
Diana Posted November 3, 2014 Report Posted November 3, 2014 It is not adopting the rules in india..hence becoming difficult
.thumb.jpg.ce42bb16ec102475a78c2087ce269c7d.jpg)
.thumb.gif.343fe49c7e1c507ae0056326bd8cf77e.gif)
Recommended Posts