wordpress blog stats
Connect with us

Hi, what are you looking for?

Amazon continues to lobby for FDI in e-commerce

Amazon LogoAmazon lobbied US government agencies for the second quarter in a row, on issues related to foreign direct investment in India, international data flows and free trade agreements, according to a lobbying disclosure for the quarter filed by the company. It approached US Senate, House of representatives, US Trade Representative (USTR), Department of Commerce and the Department of State with these issues.
The company spent $830,000 on lobbying this quarter on issues such as net neutrality, patent laws, taxation, cloud security, online wine sales, big data, unmanned aerial vehicles and mobile payments, apart from FDI laws in India. The company had spent $960,000 lobbying for similar issues in the previous quarter.

Amazon has been expanding its offerings in India aggressively, but it remains a marketplace and the only item it seems to sell directly are Kindle e-book readers. It competes against companies like Flipkart, Snapdeal and eBay apart from vertical focused companies like Myntra and Jabong.

Getting 100% FDI in e-commerce here will be an uphill battle for Amazon, because all political parties seems to be against such investments, going by their election manifestos. However it is worth noting that commerce and industry minister Anand Sharma had said just ahead of the elections that he is in favor of allowing 100% FDI in the e-commerce sector.

Earlier in January, Department of Industrial Policy and Promotion (DIPP) had also floated a discussion paper on e-commerce in India, mentioning that several MNCs, industry bodies and an international council have made a case for allowing FDI in B2C e-commerce while a national body of traders had strongly opposed this move. In its submission, E-commerce venture Yebhi had sought 100% FDI in e-commerce of all goods, except for food (ReadMedianama’s submission on FDI in E-commerce sent to the central government).

Lobbying in India: In India, Amazon has been continuously engaging with the Indian government to relax the regulations against foreign e-commerce companies and allow foreign direct investment in online retail. Amazon’s global vice president Paul Misener had met with Anand Sharma in February 2013 and again in July 2013 to discuss this issue.

In November 2013, a PTI report quoted Amazon director and general manager (seller services) Amit Deshpande saying that they are engaging with the government to relax FDI norms in e-commerce space, following which it can adopt a US-like hybrid model wherein Amazon will start retailing products along with the existing marketplace. Note that Amazon marketplace accounts for around 40% of their business in the US.

Advertisement. Scroll to continue reading.

Following a long ambiguity in the Indian Government’s stance on FDI in e-commerce, the Department of Industrial Policy and Promotion (DIPP) had floated a discussion paper on e-commerce in India, in which it had mentioned that several MNCs, industry bodies and an international council have made a case for allowing FDI in B2C e-commerce while a national body of traders had strongly opposed this move.

Written By

I'm passionate about technology and gaming. You can follow me <a>@chupchap</a>

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Find out how people’s health data is understood to have value and who can benefit from that value.

News

The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.

News

When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

News

In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ