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US Govt says India’s new FDI in ecommerce policy will affect Walmart, Amazon’s India investments: report

The United States government is concerned that India's new FDI in ecommerce policy will harm Walmart and Amazon's investment plans in India, reports Reuters. According to Reuters' sources, a US government official told Indian officials to protect Flipkart and Walmart's investments in India. Further, the US government suggested that American companies be given concessions in the interest of bilateral trade between the two countries, a suggestion to which India gave a "non-committal" response. Another Washington-based source told Reuters that both Amazon and Walmart have been thinking over how the policy could be made a bilateral issue between the two countries. "This has gone way beyond being a local (India) tussle," the person said. Moreover, an Indian industry source said that Walmart, Amazon and lobbying groups are working with the Office of the United States Trade Representative (USTR) and the US embassy…

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