MNCs, India Inc put off by Piyush Goyal’s remark on Amazon

NEW DELHI: Top executives at several multinational and Indian companies on Thursday took umbrage at commerce minister Piyush Goyal’s comment that Amazon was not doing any favour to India by announcing a fresh $1 billion investment in the country.

“Until now it used to be a matter of pride to announce such big investments into India,” said the chief executive of an MNC. “But if this is the response companies are going to get from the current dispensation, they will think twice before making or announcing investments here.”

The top executive of another company said this did not “reflect well” on India. “It will only drive foreign investments away,” he said.