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Amazon may halt $1 billion India investment due to stiff regulations, says report

Amazon may halt $1 billion India investment due to stiff regulations, says report

Amazon may halt $1 billion India investment due to stiff regulations, says report
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By CNBC-TV18 Jan 16, 2019 8:46:26 AM IST (Published)

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.

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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.
 
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