Amazon unscathed by FDI curbs

Chennai: The recent FDI regulations on the e-commerce sector had a minimal impact on Amazon’s business in the March quarter.The regulations had come into the force from February 2019.

‘In India last quarter was an uncertain period with the FDI ruling. We made some changes to our structure to stay in compliance with all regulations. There were a few days of downtime for some of our selection. But for the full quarter the impact was minimal. And we are in compliance and very, very happy with the progress of the business in India,” said Amazon CFO Brian Olsavsky during an analyst call after the announcement of the quarterly results.