Future Retail: Future Retail does not have any contractual rights with Amazon: Future Group lawyers to Delhi HC, Retail News, ET Retail - News Summed Up

Future Retail: Future Retail does not have any contractual rights with Amazon: Future Group lawyers to Delhi HC, Retail News, ET Retail


"..The degree of Amazon's control will become enormous.. an American company with less than 10 percent shares.. can it have the right to tell whom I can do business with?," argued Salve. "(If Reliance wants to invest but) sorry I have to ask Big Brother sitting in America," he added.He added that by putting in Rs 1,400 crore Amazon can't control the large Indian retail group. "We are also big businesses in India," he said. Salve said that with this investment (Reliance) creditors worth's Rs 18,000 crore are being protected, who are all Indians and Amazon does not care about them.He went on to say that Reliance may not be as big as Amazon but it is a muscular company in India. "What prevents Reliance from entering online market.


Source: Economic Times November 19, 2020 13:27 UTC



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