Tuesday, June 18, 2019
Follow us on
मिस्र के पूर्व राष्ट्रपति मोहम्मद मोर्सी अदालत में हुए बेहोश, मौतकोलकाता: घायल डॉक्टरों से मिलने जाएंगी मुख्यमंत्री ममता बनर्जीजम्मू-कश्मीर के त्राल में CRPF कैंप पर ग्रेनेड हमला, कोई नुकसान नहींBJP के कार्यकारी अध्यक्ष बनने पर जेपी नड्डा को केंद्रीय मंत्री नितिन गडकरी ने बधाई दीजे पी नड्डा भाजपा के होंगे कार्यकारी अध्यक्ष,19 जून को पदभार ग्रहण करेंगेNATINAL HUMAN RIGHT COMMISSION दिमागी बुखार से मरने वाले बच्‍चों की बढ़ती संख्‍या पर केंद्रीय स्‍वास्‍थ्‍य मंत्रालय और बिहार सरकार को नोटिस जारी कियाभाजपा राज में सबसे ज्यादा युवा बेरोजगार, नौकरियों में धांधली और सबसे ज्यादा पेपर लीक हुए - दुष्यंत चौटालाआज से नए आयकर नियम; डिफाल्टर सिर्फ जुर्माना देकर बच नहीं सकते

Amazon drops products from its desi Global Store

March 11, 2019 07:02 AM


Amazon drops products from its desi Global Store


Indian consumers will find it hard to buy goods from the US directly via Amazon’s Global Store in India because of the recent FDI norms for online retailers that were implemented from last month. Launched with much fanfare in late 2016, Amazon’s Global Store has become virtually non-existent here with a sharp fall in the items listed on the platform.

Amazon Exports Sales LLC is the main entity for the Global Store, selling directly in India. From a peak of 6 million products before February, there were just about 6,000 products under this entity on Amazon India last month, according to Marketplace Pulse — a data platform on online marketplaces.

“The first urgency was to take care of the India business. Over the past few weeks, gradually, Global Store has become non-existent,” a person aware of the matter said. New FDI rules bar sellers with equity interest from the marketplace from selling on that particular platform itself. For the core domestic business, Amazon had to dilute its stake in seller firms like Cloudtail and Appario last month.

An Amazon spokeswoman did not respond to a query emailed by TOI.

India was the third market after China and Mexico to have such a facility where Indians could buy products from the US directly via the local marketplace. In previous years, Indians bought directly from the US during popular sale events like Black Friday. At the time of the launch, Amazon had created a separate page for global products on its Indian marketplace. This does not exist any more when TOI checked till the weekend.

Consumers can still buy from the US site of Amazon, but that has multiple restrictions over payment methods and overall shopping experience. Global Store had allowed Indians to pay in local currency. The new draft e-commerce policy would throw additional challenges too since it requires that every seller entity must be registered in India

Have something to say? Post your comment