Amazon boss to face protests in India. Many small-scale traders in India have planned and organised protests against Amazon.com Inc (AMZN.O), and it’s founder Jeff Bezos. He set to visit India next week for a company event. Bezos is expected to meet with government officials.
Jeff Bezos will be at an Amazon event in the Indian capital of New Delhi. The event is aimed at connecting with small and medium-sized enterprises; three sources told Reuters.
Also, he has sought meetings with the prime minister and other government officials. Conversations will be expected to focus on e-commerce in the country, one of the sources familiar with the matter said.
Details about the visit, including the arrival date and length of stay, are unknown.
Neither Amazon or the prime minister’s office have responded to requests for comment.
The Confederation of All India Traders (CAIT), a group representing roughly 70 million traditional retailers, has said that it will protest across 300 cities during Bezos’ stay in the country.
In 2015 CAIT waged a battle against online retailers Amazon and Walmart (WMT.N)-controlled Flipkart, accusing them of deep discounts and flouting India’s foreign investment rules.
Both companies have denied the allegations.
“We plan to organise peaceful rallies against Jeff Bezos in all major cities such as Delhi, Mumbai, Kolkata as well as smaller towns and cities,” Praveen Khandelwal, the group’s secretary-general told Reuters.
“We expect to mobilise at least 100,000 traders in the protests.”
Amazon has previously said its platform provides business opportunities to thousands of small sellers, artisans, weavers and women entrepreneurs. However, CAIT remains unconvinced.
New Delhi introduced rules last year to deter substantial online discounts in an effort to protect nearly 130 million people dependent on small-scale retail.
The new rules forced e-commerce companies to change their structures, drawing criticism from the United States and stretching the countries’ trade relations.
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Danny Deegan is the owner and proprietor of stocktipsguru.com. Born in the UK, currently working within financial services with an emphasis on equity investments.