India’s top newage internet firms including Flipkart, Amazon, and Snapdeal are in the process of submitting detailed reports to the ministry of commerce and industry, explaining their company structures and business operations in India, multiple people with knowledge of the matter told ET. This is the first such instance of the government seeking such a clarification on the way these internet companies function, and comes on the back of several complaints being made by seller bodies and other rival players about internet commerce firms allegedly violating laws that govern the sector. The development also coincides with the Competition Commission of India (CCI) conducting a survey on the ecommerce market in India.

Publication: The Economic Times

Date: July 12, 2019