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New Delhi: Union Commerce and Industry Minister Piyush Goyal has said Amazon and Flipkart are ‘not doing an extraordinary support’ by putting billions of dollars in India.
Talking at the Raisina Dialog in the capital Thursday, Goyal stated: ‘They (Amazon and Flipkart) may have placed in billions of dollars here, however on the off chance that they make a misfortune, at that point they chipper well should fund that billions of dollars. It’s not as though they are doing an incredible support to India by contributing a billion dollars here. They have been putting for a considerable length of time here currently in warehousing and financing their misfortune.’
Goyal additionally alluded to the test started by reasonable exchange controller Competition Commission of India (CCI) into the web based business mammoths not long ago, saying this is being done to examine their strategic approaches.