to limit "flash sales", reining in a private label push and mandating them to have a system to address grievances.
The Washington-headquartered U.S.-India Business Council , of which Amazon and Walmart are members, described the rules as concerning in an internal email, saying some provisions were in line with New Delhi's stance on other big digital companies. India's draft plan "includes several concerning policies, including significant limits on platforms' ability to organise sales and handle grievances," USIBC said in an email to its members.in companies like Amazon and Flipkart, an issue that has often soured trade relations between India and United States.- open for consultation until July 6 - are expected to have an impact across the board in an online retail market forecast to be worth $200 billion by 2026.
India's rules also will force e-commerce companies to reveal the country of origin of a product and suggest alternatives to ensure a "fair opportunity for domestic goods". Some of the new provisions align with India's similar federal policies "for social and digital media companies ... and will result in a more stringent e-commerce regime," USIBC said in its email.More from ReutersSubscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
It is very necessary to show country of origin, which Amazon don't do. Also there's huge price gap in product listed in Amazon and other e-commerce, which is not acceptable.
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