Indian Sellers Collective (ISC) hails CCI's suspension of Amazon-Future group (FRL) deal

20 December 2021, Mumbai:

Indian Sellers Collective (ISC) on Monday welcomed the Competition Commission of India's (CCI) order to suspend its approval for Amazon's deal with the Future Group signed in 2019, while seeking speedy resolution of pending cases against the multinational e-commerce platform and related parties.

ISC, which claims to be an umbrella body bringing together trade associations and representative bodies of Indian sellers across the country, said the CCI's reversal "validates the double standards being practiced by foreign retailers".

It exposed "how Amazon has been operating with double standards - posing as a transaction platform while acting as a retailer in reality with the intent to control the country's retail market, it urges regulators to expedite all other pending cases against the company and its related parties", ISC said in a statement.

ET (The news article has not been edited by DFU Publications staff)

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