NEW DELHI: US e-tail giant Amazon sees “very good long-term prospects” in the Indian market but is evaluating the recent changes in FDI rules for online marketplaces to ensure that there are no “unintended consequences” for customers and sellers on its platform, a top company official has said.
With the new rules coming into effect from February 1, Amazon.in has removed a number of products, including mobile accessories and batteries, from its platform. Its ‘Pantry’ service that delivers grocery items is also now unavailable in India. Amazon, which has committed over $5 billion investment in India, said it has built its business around price selection and convenience.
