The after-effect of new E-Commerce Norms: Jobs, investments will be in danger

NewsBharati    28-Dec-2018
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Bengaluru, Dec 28: The sudden changes in FDI norms in E-Commerce had left Foreign investor-backed e-commerce trailers shocked. The consumers and domestic retailers concerned due to these new norms.

The move made top global retailers anxious, such as Walmart and Amazon, who have made significant investments in the country, as they cope with the abrupt policy change and jobs in the sector could also be at risk.

About these sudden changes in policy, Senior executive at Amazon said, “On one hand, you are asking for investments and on the other, these policy changes are announced overnight without a basic consultation. This is detrimental to the concept of ease of doing business”.

For consumers, it is shocking and if the policy is strictly followed it could mean an end of the era for discounts, lucrative cash backs and the large range of good available on the digital marketplace.

In this chaotic situation, the domestic players are optimistic after the government seemed to have reacted to their complaints against foreign giants.

“The recent move of the government to tighten the rope around major e-commerce players will conclude into a fair market competition and will provide a level playing field for one and all to adopt e-commerce as another business model”, said a spokesperson for the Confederation of All India Traders (CAIT).

Due to these new norms, both online and offline traders in the country will now be able to sell their goods on online platforms in a transparent manner.