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If India's new rules remain unchanged, Amazon or offline food businesses

2019-01-20 18:02:18Source: 36 krypton

Editor's Note: Author of this article & nbsp; Sagar Malviya & amp; Rasul Bailay, original title & nbsp; Amazon food biz to log off if new rules remain on menu. & nbsp; Amazon's planned acquisition of Future Retail's equity deal may be put on hold. Amazon India will suspend food retailing if the Indian government maintains the latest FDI rules next month. This is a blow for Amazon. Amazon is the first foreign e-commerce company approved to open food retail business in India. Its food retail business in India was officially launched in mid-2016 with an investment of up to $500 million. In addition, one person familiar with the matter said that Amazon plans to acquire Future R.

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