American e-retailer giant Amazon Inc and India's Tata Group have told the Centre that plans for tougher rules for online retailers would have a major impact on their business models, news agency Reuters reported. The Consumer Protection (e-commerce) Rules, 2020, announced on June 21, will be implemented after factoring in industry views. The draft proposal says that the rules will apply to all e-commerce entities that are not established in India. Tata, meanwhile, argued that the rules would stop Starbucks - which has a joint-venture with Tata in India - from offering its products on Tata's marketplace website. The rules were announced amid growing complaints from India's brick-and-mortar retailers that Amazon and Flipkart bypass foreign investment law using complex business structures.

Source: Hindustan Times July 04, 2021 05:37 UTC