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Amazon not doing favour to India by investing a billion dollars: Piyush Goyal


In a sharp takedown of Jeff Bezos’ company, commerce minister questions predatory pricing by online shopping companies

New Delhi: A day after Jeff Bezos announced plans to invest USD 1 billion more in India, Union commerce minister Piyush Goyal said Amazon was not doing a favour to India by investing in the country.

He went on to question how the online retailing company was able to incur “such big losses” if not by indulging in predatory pricing.

Goyal, who has not yet given Bezos an appointment, said e-commerce companies must follow Indian rules in letter and spirit and not look ...


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