Chicago, il (Reuters) – India needs to encourage e-commerce and the reduction of red tape to help small businesses, online sales, import and export of goods, to help revive the sagging domestic economy for growth, and a higher Amazon.com an executive said on Wednesday.
FILE PHOTO: The logo of Amazon is seen at the company’s distribution centre in Boves, France, on January 19, 2019. REUTERS/Pascal Rossignol
“There is a lot of opportunity to make e-commerce thrive, compared with the definition of each of the handrails, which they have to work with,” Amazon’s India head Amit Agarwal told Reuters ahead of the launch of the Amazon is the largest campus in the world, in the southern Indian city of Hyderabad, on Wednesday.
India is a revised version of the e-commerce business rules, at the beginning of 2019, with the creation of hurdles for a rival to Amazon, and Walmart Inc, the e-commerce subsidiary, Flipkart.
I’m an e-commerce business, you can actually speed up India’s economy in a big way, and if it is simply allowed to thrive,” said Agarwal, whose comments come at a time when India’s economic growth falls to five-year lows.
Agarwal said Amazon is working with about 500 000 merchants and more than 200,000 jobs created in India since the launch of the e-commerce business in 2013.
He said: “Amazon’s push to get small and medium-sized companies in India for export, which has resulted in more than $1 billion in exports, and it is expected that more than $5 billion over the next three years, but the red tape is holding some companies back.
“Even as a seller who wants to sell off their state to have a tax registration in the state. How many small business owners would have to go through the tough job to do,” he said.
“The number of the basic paper is cut to the possibilities, there are so a lot of it,” he said. “I have a feeling that we have lost our way in the high-level debate on e-commerce and the information of the location.”
India’s revised e-commerce regulations, together with the pressure, in order to force the international companies to store data locally, and have annoyed the AMERICAN government and an increase in trade tensions between the two countries. India has also argued that the regulations are intended to protect the interests of small businesses, as well as the citizens of independence.
IN INDIA, EXPANSION OF
Amazon is launching a new campus in India will only be a few months after the Seattle-based company has scrapped its plans to build a major outpost in New York city, is the accusation of the opposition of the local leaders. It has now been picked in Arlington, va., the site of the upcoming world-building.
India is considered to be the last major growth market for the e-commerce giant founder Jeff Bezos has committed to investments of more than $5 billion in in the direction of Amazon’s footprint in India.
Amazon said the new university campus in India is spread over 9.5 acres, costing in the hundreds of millions of dollars, and there was the house, with more than 15,000 employees. Amazon has 62,000 employees in India, approximately one-third of whom are based in chicago, il.
In spite of the weakening economic conditions in the Amazon, has no plans to slow down its expansion in India, said Agarwal, adding that in difficult times, customers want more value, convenience and selection.”
While declining to give specific numbers, Agarwal said, the membership of the Amazon Prime loyalty program, has doubled in the last 18 months in India, and the market continues to be Amazon’s fastest-growing, for-Prime-around the world.
Reporting by Euan Rocha in Hyderabad; Writing by Euan Rocha and Nivedita Bhattacharjee Bengaluru; Editing by Subhranshu Sahu and Elaine Hardcastle