Amazon seeks policy relaxation for FDI in e-commerce

New Delhi: Global online retailer today sought relaxation in the FDI policy, which restricts such companies from offering services directly to retail consumers.



Currently, 100 percent Foreign Direct Investment (FDI) is allowed only in Business to Business (B2B) e-commerce and not in retail trading. The issue was raised by Amazon Global Vice President the Paul E Misener with his meeting with Commerce and Industry Minister Anand Sharma here.

"We talked about it," Misener said when asked whether he has sought policy relaxation in e-commerce from Sharma. "We talked to the government officials on all kinds of issues...(we are) trying to find a better way to serve our Indian customers, both sellers and buyers," he told reporters here after the meeting.

He said Amazon has employed about 9,000 people in India. "We have nearly 9,000 employees here in the country and we are looking ways to better serve our customers," he added.


Updated Date: Dec 20, 2014 16:51 PM

Also Watch

Watch: Firstpost test rides the new Thunderbird 500X in Goa and walks you through the Royal Enfield Garage Cafe
  • Tuesday, April 17, 2018 Varun Dhawan on Shoojit Sircar's October, 5-star reviews and working with Anushka Sharma in Sui Dhaaga
  • Saturday, April 14, 2018 Ambedkar Jayanti: Re-visiting Babasaheb's ideals exposes fake Dalit politics of Rahul Gandhi and Congress
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent

Also See