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Video Introduction:
India’s Supreme Court ruled in favor of Amazon.com Inc.’s efforts to halt the sale of indebted, cash-starved Future Retail Ltd. to Reliance Industries Ltd., which is a big boost to the global retailing giant’s ambitions of dominating the crucial $1 trillion retail market.
But Amazon is in a mix because they have been accused to have favored big sellers on its India platform – and used them to maneuver around rules meant to protect the country's small retailers from getting crushed by e-commerce giants, internal documents show.
PM Modi’s office and India’s Ministry of Commerce and Industry have brought in new laws that inhibit this. Reliance with all its cash and power will be looking to capitalize on this. They have made strategic partnerships with Whatsapp and other companies.
In this video, we shall decode Reliance's plan to end Amazon India's flurry. Watch it till the end and leave a comment.
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References mentioned in the video to study further
1. Investigation report of Reuters on Amazon
https://www.reuters.com/investigates/special-report/amazon-india-operation/
2. New rules of e-commerce in India
https://www.reuters.com/article/india-ecommerce-explainer-idINKCN1PP1XS
3. Impact of Amazon return shipment on the company profits and environment
https://www.youtube.com/watch?v=FPPSn-M3JQk&t=37s
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Disclaimer: This video has been made with certain assumptions of the location of warehouses in the supply chain and an approximate cost needed for shipment. All this information is only meant for educational purposes and is not meant to be taken as investment advice. Do your own research before you invest anywhere. Credits: CNN-News 18, WION, NBC News, Money control pro, Business standard, TV18,Business Today, ABC news, CNBC, ET now ,Bloomberg originals, Financial Times, DW documentary, AL Jazeera English, BBC news, Firstpost. Fair use - This video is for educational purposes only. All materials used in this video, including images, audio, and video clips, are the property of their respective owners and are used here under the doctrine of fair use. This video is intended to provide commentary, criticism, research, and education on the subject matter. We believe this constitutes a fair use of any such copyrighted material as provided for in Section 107 of the US Copyright Law.