Summary:
Chemist and drug retailers body has registered their reservation and disagreement with e-commerce giant Amazon’s entry into Pharma business.
Medical stores industry entity All India Organisation of Chemists and Druggists (AIOCD), which represents 8.5 lakh chemist and drug retailers in the country, has written to e-commerce giant Amazon, the Prime Minister’s office and Ministry of Health & Family Welfare, objecting to Amazon’s entry in the pharmacy business and alleged that the move could have “legal implications” on the e-commerce platform.
Amazon India launched its pharmacy business in Bengaluru last week and is conducting pilots in other cities. Besides Amazon, Reliance Retail too is foraying in the rapidly-growing e-pharmacy segment through Smart Point outlets. Existing players in the category include Netmeds, 1mg, Medlife and PharmEasy.
Chemist and drug retailers body has registered their reservation and disagreement with e-commerce giant Amazon’s entry into Pharma business.
Medical stores industry entity All India Organisation of Chemists and Druggists (AIOCD), which represents 8.5 lakh chemist and drug retailers in the country, has written to e-commerce giant Amazon, the Prime Minister’s office and Ministry of Health & Family Welfare, objecting to Amazon’s entry in the pharmacy business and alleged that the move could have “legal implications” on the e-commerce platform.
Amazon India launched its pharmacy business in Bengaluru last week and is conducting pilots in other cities. Besides Amazon, Reliance Retail too is foraying in the rapidly-growing e-pharmacy segment through Smart Point outlets. Existing players in the category include Netmeds, 1mg, Medlife and PharmEasy.