New Delhi: The government has directed Amazon to keep its food-only retailing business separate from its existing flagship marketplace business, says a report in The Economic Times. This has been done as foreign firms are not allowed to sell products to consumers directly, added the report. In February, Amazon had filed an application with the Department of Industrial Policy & Promotion (DIPP) to enter the food retailing sector in India. The government approval allows Amazon’s food retailing proposal to hold its own inventory and sell directly to consumers for the first time in India. Over the past year, BigBasket has even held talks with Amazon India for a potential sale, although those talks have not materialized in a deal yet, reported Mint.

Source: Mint July 13, 2017 08:15 UTC