Commerce Minister Piyush Goyal has hit out at US e-commerce giants like Amazon and Walmart, while accusing them of arrogance and of flouting Indian laws by indulging in predatory pricing practices. Companies were using their scale and access to large pools of low-cost capital to indulge in predatory pricing practices “to the detriment of mom-and-pop stores”, Mr Goyal stressed. “A number of these large e-commerce companies have come into India and very blatantly flouted the laws of the land in more ways than one,” he said while speaking at s virtual event on Saturday.
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