Amazon seeks stable e-commerce policy

Amazon on Thursday said it is hopeful of working with the Indian government to seek a “stable predictable policy” that would facilitate the company to continue with its investments in technology and infrastructure. The comments come almost six months after the revised norms on foreign direct investment in e-commerce came into effect. These bar e-commerce firms with foreign investment like Flipkart and Amazon from selling products of entities in which they hold stake or whose inventory they control.

It also disallowed them from asking a seller to sell any product exclusively on their platforms. The rules said e-commerce entities providing marketplace will not directly or indirectly influence the sale price of goods and services.