The Reserve Bank of India and the Enforcement Directorate, India’s federal crime-fighting agency, are investigating Amazon for suspected violations of India’s foreign investment laws. The government said the limits would protect small businesses by limiting the ability of platforms like Amazon to sell their own products. The Indian company was heavily in debt when they struck their pact in 2019. The Future Group deal amounted to an option by the American company to expand into brick-and-mortar stores in India should New Delhi ease its retail laws. Before the dispute between the companies broke out, customers could order vegetables from Big Bazaar stores from the Amazon app.

Source: International New York Times June 07, 2021 09:00 UTC