ShutterstockThe Indian government is responsive to concerns expressed by businesses but needs to do more to attract investments into sectors such as e-commerce, the UK India Business Council (UKIBC) has said. Amazon CEO Jeff Bezos has said the e-commerce major will invest USD 1 billion (over Rs 7,000 crore) in digitising small and medium businesses in India. Heald said Mukesh Ambani-promoted RIL also has plans to enter the e-commerce segment through a different business model and one can have her own preferences on business models. "Encouraging investments into India is important, encouraging the e-commerce sector is important because it benefits small businesses disproportionately to large businesses," he said adding that British businesses may not be "startled" at the posturing. He reasoned that commercial success is the most important aspect for a business when it makes a call to investment and not other "optics".

Source: The Telegraph January 26, 2020 09:00 UTC