"Arrogant" US E-Commerce Giants Violating Our Laws: Piyush Goyal

Piyush Goyal criticised companies for indulging in "forum shopping" in courts and failing to comply with an investigation launched by the Competition Commission of India.

Commerce Minister Piyush Goyal has ratcheted up the heat on US e-commerce giants like Amazon and Walmart, accusing them of arrogance and of flouting Indian laws by indulging in predatory pricing practices. Mr Goyal said 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." "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 told a virtual event late on Saturday. "I've had several engagements with these large companies, particularly the American ones, and I can see a little bit of arrogance," he said.