By CNBC-TV18 Jan 16, 2019 8:46:26 AM IST (Published)
Follow real-time updates on Union Budget 2023Catch exclusive videos on Union Budget 2023 from CNBC-TV18
Jezz Bezos' Amazon has put its India investments on hold til the Lok Sabha elections are over and a new government is in place, sources privy to the developments told Business Standard.
Jezz Bezos' Amazon has put its India investments on hold til the Lok Sabha elections are over and a new government is in place, sources privy to the developments told Business Standard.
Recommended Articles
View All
Budget 2023: From improved GST structure to inverted duty reforms, the EV sector want a mega growth push
Jan 31, 2023 IST3 Min(s) Read
India's Economic Survey shifts the narrative to 'quality of life'
Jan 31, 2023 IST3 Min(s) Read
Budget 2023: Prioritising defence and innovation
Jan 31, 2023 IST4 Min(s) Read
Budget 2023—ESOP tax incentives drive start-up growth
Jan 31, 2023 IST6 Min(s) Read
Amazon India's about $1 billion worth of investment could get stuck as the company is facing stiff regulatory hurdles, unidentified sources told the newspaper.
Amazon India is in talks with the government seeking clarifications regarding several aspects of the latest foreign direct investment (FDI) policies to carry on with business as usual, the report said.
However, sources said that it is highly unlikely for the policies to change so close to the General Elections despite a plea from the domestic retail businesses.
Amazon, in the last five years, has invested $3.5-$4 billion in India, part of the $5.5 billion commitment made by the world's largest e-commerce platform to its Indian operations, the report said.
Have you signed up for Primo, our daily newsletter? It has all the stories and data on the market, business, economy and tech that you need to know.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!