Jeff Bezos, the founder of Amazon.com Inc is visiting India. He arrived here on Tuesday and has been posting pictures from his trip to his social media account.
However, not everybody is happy with Jeff’s visit to India. Hundreds of small traders across 300 cities planned protests. They claim that Amazon is guilty of distorting the local retail market.
According to sources, Bezos’ three-day visit includes attending a company event that is to be hosted in New Delhi and probably meet senior government officials.
Ashok Kumar Gupta, India’s antitrust chief told Reuters that the big e-commerce players in India should refrain from offering deep discounts which can affect small-scale brick and mortar retailers in the country.
Led by the Confederation of All India Traders (CAIT) hundreds of small brick-and-mortar retailers have planned a nationwide protest against Amazon.
Many people showed their disappointment at Bezos’ social media post.
According to CAIT, Flipkart and Amazon have violated India’s foreign investment rules. These allegations have been denied by the companies.
Recently, the Indian government ordered an investigation of Flipkart and Amazon.Inc over alleged competition law violations.
The Competition Commission of India informed that it was ordering a wider probe post a review of allegations that the e-commerce giants were promoting a few ‘preferred sellers’ and, in turn, hampering the business of other smaller sellers.