Piyush Goyal’s message to Amazon CEO Jeff Bezos at Raisina Dialogue 2020: Amid Amazon CEO Jeff Bezos’ India visit, Commerce Minister Piyush Goyal has urged the investors to follow the letter and spirit of the law. He said that the use of the e-commerce model to enter multi-brand retail in India will be investigated and the Competition Commission has initiated an inquiry into the working of Amazon. Speaking at Raisina Dialogues 2020, the Commerce Minister further added that India has strict rules about FDI in multi-brand retail and the country needs to know what is being imported and under what category. He clarified that the aim of recent notification is just to create more transparency.
In another very strict statement, Piyush Goyal said that Amazon is not doing any favour on India by investing a billion dollars. The government mentioned that India believes in fair play and equal treatment to all in trade and any curbs that it put are the best interests of India’s trade and international trade and apply to all countries uniformly.
“Our government has allowed e-commerce entities to come to India under the marketplace model. As long as everyone follows the rules, we welcome e-commerce in India and they are happy to trade and serve the people of India,” Piyush Goyal added.
I have on more than one occasion, said this to the people of India and to all investors, that to please follow the letter of the law and the spirit of the law. Don’t try to find loopholes when clearly we have articulated what the e-commerce model is: @PiyushGoyal
— Piyush Goyal Office (@PiyushGoyalOffc) January 16, 2020
Meanwhile, Piyush Goyal, yesterday said that no imports will be allowed without HSN code into the country and henceforth there must be zero tolerance for substandard products and services from industry and consumers. He further stated that the government will support the industry in every way to establish standards for Indian goods and services to meet international requirements so that brand India is recognised in the world as a provider of quality products and services.