US-India industry body calls FDI guidelines for e-tailers 'regressive'

Executives from both Amazon and Walmart-Flipkart are planning to meet DIPP Secretary to understand the reasons behind the sudden crackdown and find a middle ground

Policy advocacy body US-India Strategic Partnership Forum (USISPF), which represents major US companies with investments and trade with India, has hit out against the foreign direct investment (FDI) regulations introduced by the government in the e-commerce sector. 

Fearing a major dent to its e-commerce dreams in India, top executives at Walmart are planning to meet Commerce and Industry Minister Suresh Prabhu on the sidelines of the World Economic Forum in Davos, it is learnt. 

Executives from both Amazon India and Walmart-Flipkart are planning to meet senior officials at the department of industrial policy and promotion (DIPP) Secretary Ramesh Abhishek in January first