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The new FDI in E-commerce policy doesn’t help Amazon India’s users and sellers – Brian Olsavsky, Amazon CFO

On its Q4FY19 earnings conference call, the Amazon leadership was asked multiple questions about the outlook for its India business. Here are the most pertinent responses: On the Indian FDI in ecommerce policy, the company's CFO Brian Olsavsky said, "... There is much uncertainty as to what the impact of the government rule change is going to have on the e-commerce sector there.... Our main issue and our main concern is trying to minimize the impact to our customers and sellers in India. We've built our business around price selection and convenience. We don't think the changes help in those dimensions for both the customers in India and also the sellers." Olsavsky: "The new regulations... need to make sure they don't have unintended consequences. And again, I don't think it's necessarily consistent with better price, better selection and better convenience for the Indian customer. So it's not all we can say on that topic right now." Amazon has reported operating income of $3.8 billion for the quarter ended 31 December 2018 (Q4FY19), up from $2.1 billion in Q4FY18. Its net sales were up by 20% to $72.4 billion, up from $60.5 billion in Q4FY18. Excluding the impact of foreign exchange rate changes in the year, net sales increased by 21% as compared to Q4FY18. Amazon's net income was up to $3 billion, from $1.9 billion in Q4FY18. Operating cash flow increased 67% to $30.7 billion for the trailing twelve months, compared with $18.4 billion for the trailing twelve months ended December…

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I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

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

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