A Paytm spokesperson said Alibaba would be best placed to respond on questions about its plans for India. We are aggressively working on getting more such brands on the Paytm platform. Amazon India said the Amazon Fashion exclusive agreement had ended but that Future Group continues to sell its brands on the platform. Future Group and Amazon India formed a partnership in 2014 to sell the Mumbai-based retailer's fashion products exclusively.The relationship is said to have soured in recent months amid differences over paying for discounts. "India is an important emerging market with great potential and we are absolutely committed to developing this market for the long term.

Source: Economic Times August 11, 2016 20:03 UTC