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Indian Minister slams arrogant US tech giants for flouting local laws
- Monday | 28th June, 2021
NEW DELHI (Reuters) – Indian Commerce Minister Piyush Goyal has ratcheted up the heat on US e-commerce giants like Amazon and Walmart, accusing them of arrogance and of flouting local laws by indulging in predatory pricing practices. “I’ve had several engagements with these large companies, particularly the American ones, and I can see a little bit of arrogance,” he said. Goyal did not directly name Amazon.com or Walmart Inc’s Flipkart – the two dominant e-commerce players in India – or specify which laws had been flouted. But his comments come at a time of growing clamour from small Indian traders and retailers, who accuse the US giants of circumventing Indian consumer protection laws and competition laws. Separately, in a letter to Prime Minister Narendra Modi on Sunday, the Confederation of All India Traders, accused e-commerce companies of treating India like a “banana republic” with weak laws.
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