NEW DELHI (Reuters) - Thousands of Indian small businesses will organise an event this week in protest at the business practices of foreign e-tailers like Amazon.com Inc, taking a dig at the U.S. group's summit with their own event. Starting Thursday, Amazon is organising a virtual summit in India named "Smbhav", which phonetically means "possible" in Hindi, to showcase opportunities offered by the U.S. firm to get small businesses to expand and sell online. The Smbhav event will include more than 70 speakers and aims to allow small businesses to learn how to grow their businesses in India - a key growth market for Amazon. The event "puts forth how Amazon and our partners leverage digitisation, technology & our ecosystem to drive infinite possibilities for a Digital India", its website said. The latest dispute comes as India also considers revising foreign investment rules for e-commerce which could force companies like Amazon to rework the relationships it has with big sellers.

Source: The Star April 14, 2021 17:03 UTC