Amit Agarwal, Head, Amazon India has warned the government against making frequent changes in e-commerce policy as he believes it may hurt the sector role in India’s economic growth. The e-tailer is currently locked in legal battles with Future Group over the latter selling its retail assets to RIL in a Rs 24,713- crore deal as it seeks to block the transaction. Agarwal claimed Amazon created 2 lakh direct and indirect jobs in India in 2020 as it upgraded operations to meet growing demand for e-commerce. The e-tailer also saw 1.5 new sellers come online last year. It also announced changes in its joint venture partners Cloudtail and Appario Retail to ensure compliance with the new e-commerce rules. Agarwal reaffirmed transparency in Amazon’s partnerships with its sellers and said that the allegations don’t represent facts and reality.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
Deepika Padukone to be Levi’s new global brand ambassador
Levi’s has roped in actor Deepika Padukone as its global brand ambassador. The iconic American denim maker, which entered India 25 years ago, and has been struggling to stretch its... Read more
India’s luxury resale segment poised for big growth as new sellers join the fray
Luxe brand hunters in India have never had it so good with brands like Jimmy Choos available at price of a Zara handbag, and Rs 25,000 worth sunglasses from Tiffany... Read more
Citylife Next bags Times Business Award
Winner of this year’s ‘Times Business Award’ in the ‘Best in Organized Retail Value Chain Category,’ Citylife Next is a one-stop shop for trendy and affordable menswear, womenswear, kidswear and... Read more
Duke’s S/S ’21 collection promotes Atmanirbhar Bharat
Inspired by international fashion culture, Duke’s Spring/Summer 2021 collection endorses the Indian government’s vision of a Atamnirbhar Bharat. Featuring light floral and leafy print patterns, the collection is made from... Read more
A comprehensive e-com policy needed to boost FDI in India
Multiple changes made in India’s ecommerce FDI norms to promote domestic retailers in the past few years are causing roadblocks to global ecommerce companies like Jeff Bezos-owned Amazon and Walmart-owned... Read more
Big retail groups foray into Indian online retail space
The Indian e-tail market is poised to reach nearly 300 million to 350 million shoppers over the next five years. Covid outbreak has exacerbated the consumers' need for safety and... Read more
Benetton India to open 40 new stores this year
The Italian fashion brand, Benetton India plans to open 30 to 40 new stores in the Indian market this year and will also launch its online store in the second... Read more
Book on skill to be launched at International Craft Week
‘RUNway to Skilled India’ the book authored by Dr Darlie O Koshy, DG & CEO, ATDC India will be launched at the International Craft Week’ on from February 18-21, 2021.... Read more
Benetton India to strengthen fashion footwear and innerwear segments
Benetton India plans to strengthen its presence in the fashion footwear and inner-wear segments in the next three years in the country. The company expects footwear and innerwear segments to... Read more
A simple, standardized retail policy to help accelerate India’s economic growth
Despite a consistent 10 per cent annual growth over the past few years, India’s retail sector has not been able to achieve the same level of growth as Malaysia and... Read more
