{"id":4471,"date":"2021-02-04T05:04:00","date_gmt":"2021-02-04T05:04:00","guid":{"rendered":"https:\/\/www.thirdeyesight.in\/?p=4471"},"modified":"2022-11-02T10:33:55","modified_gmt":"2022-11-02T10:33:55","slug":"whats-in-store-for-india-after-jeff-bezos-steps-down-as-amazon-ceo-find-out","status":"publish","type":"post","link":"https:\/\/myechoproject.com\/TES\/whats-in-store-for-india-after-jeff-bezos-steps-down-as-amazon-ceo-find-out\/","title":{"rendered":"What\u2019s In Store For India After Jeff Bezos Steps Down As Amazon CEO? Find Out!"},"content":{"rendered":"\n

Written By Amaan Khanna<\/a><\/p>\n\n

<\/div>\n

The news of Jeff Bezos stepping down<\/a> as the CEO of Amazon.com, Inc. (NASDAQ: AMZN<\/a>)<\/strong> sent shockwaves across the entire business community. It is being gauged that the move will surely result in ripple effects affecting various global destinations where the e-commerce behemoth operates. <\/p>\n\n

So, what\u2019s in store for India post the change? <\/p>\n\n

Well, according to industry experts not much, as Amazon had long identified India as a strategic market<\/a> to expand way back in 2013.<\/p>\n\n

Devangshu Dutta<\/a>, Chief Executive at Third Eyesight, a consulting firm said that the switch in position will not really have a drastic impact on India as the U.S. based e-commerce giant has committed themselves to the Indian market as a \u2018market for the future\u2019.<\/em><\/p><\/div><\/div>\n\n

That being said, since early 2020, there has emerged a series of problems for Amazon in terms of the ease of doing business in India which needs to be taken note of.<\/p>\n\n

Devangshu Dutta<\/a>, Chief Executive at Third Eyesight, a consulting firm said that the switch in position will not really have a drastic impact on India as the U.S. based e-commerce giant has committed themselves to the Indian market as a \u2018market for the future\u2019.<\/em><\/p>\n\n

And now, as most are very well aware, Bezos\u2019 transition from power comes at a time when Amazon is tangled in a host of legal battles<\/a> with Kishore Biyani\u2019s Future Group in order to prevent the latter from selling its assets to India\u2019s largest business conglomerate Reliance Industries aka RIL.<\/p>\n\n

What more? Recent reports have suggested that it might get even tougher for Amazon to operate in India as talks of further tightening the rules<\/a> of Foreign Direct Investment aka FDI norms are currently in motion. Thus, it can very well mean more trouble for Amazon to conduct business in the country.<\/p>\n\n

To this, Third Eyesight\u2019s Dutta said, even though how Amazon perceives the various regulatory barriers present in India is an issue, it is not individual driven and therefore the change at the top management will not create an immediate impact of any sort which might result in the e-commerce giant to pull back from India.<\/p>\n\n

What more? Recent reports have suggested that it might get even tougher for Amazon to operate in India as talks of further tightening the rules<\/a> of Foreign Direct Investment aka FDI norms are currently in motion. Thus, it can very well mean more trouble for Amazon to conduct business in the country.<\/p>\n\n

As for Bezos, he will still be managing the reigns of the company\u2019s broader vision, albeit from a distance. Bryan Olsavsky, Chief Financial Officer at Amazon, in a call with various analysts post the company\u2019s announcement of its December quarterly results mentioned that<\/p> \n\n

Bezos will continue to be involved in many \u2018one-way door issues\u2019 or important decisions such as acquisitions, strategies and venturing into grocery as a market space.<\/p>\n\n

Now, it remains to be seen what does the future hold for the current strained relationship between Indian regulations and Amazon. As of now, the Delhi High Court has ruled in favour<\/a> of the e-commerce behemoth for the dispute over RIL-Future deal and blocked the sale. We will keep you updated on all future developments. Until then, stay tuned.<\/p>\n\n\n

Source: dazeinfo<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Written By Amaan Khanna The news of Jeff Bezos stepping down as the CEO of Amazon.com, Inc. (NASDAQ: AMZN) sent shockwaves across the entire business community. It is being gauged that the move will surely result in ripple effects affecting various global destinations where the e-commerce behemoth operates.  So, what\u2019s in store for India post […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-4471","post","type-post","status-publish","format-standard","hentry","category-press-quotes"],"yoast_head":"\nWhat\u2019s In Store For India After Jeff Bezos Steps Down As Amazon CEO? 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