Online marketplaces will be banned from selling the products of firms in which they own stakes and won’t be able to offer exclusive sales, starting February 1. (Reuters)
Online marketplaces will be banned from selling the products of firms in which they own stakes and won’t be able to offer exclusive sales, starting February 1. (Reuters)
Online marketplaces will be banned from selling the products of firms in which they own stakes and won’t be able to offer exclusive sales, starting February 1. (Reuters)
Talking point: These new rules target Amazon and Walmart-owned Flipkart in particular. The marketing of both platforms heavily features special discounts on popular products like smartphones, and some of the biggest sellers on Amazon India are companies in which it owns stakes.The rules are designed to address fears from large domestic brick-and-mortar retailers and the owners of India’s many kirana corner shops that foreign giants will drive them out of business. Meanwhile, Foxconn is opening a plant to assemble the iPhone X in the state of Tamil Nadu. The country’s rules require products sold in foreign-owned stores be made from domestically-sourced raw materials. This manufacturing investment could help Apple’s case.
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