Amazon Shutting Down Indian Delivery Services: Amazon is one of the world’s leading tech and e-commerce companies, but after shutting its food delivery and education service, Amazon India made a decision to end operations in the country.
The company announced this step in light of the economic slowdown. Moving forward, they plan on focusing more on their core businesses and less time on other verticals.
There was a surprise when Amazon announced its expansion into India. Not many expected such a big move from the company, considering this is the current economic climate and the potential for better returns elsewhere.
Amazon has announced that it will shut down its India operations, following a hearing by the Labour Minister last week.
The company, called to discuss its Voluntary Separation Program, was offered monetary benefits for Indian employees to leave.
India is ending Amazon’s dominance by implementing new e-commerce rules on February 1st.Under the new rules, private entities like Amazon can’t sell products from companies in which they have an equity stake.
Amazon has been in India for over a decade and has invested billions in the country. However, the company is currently facing scrutiny from the Indian government. We will provide updates as more information becomes available.
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