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India should welcome investments in e-commerce: UK India Business Council
The Indian government is responsive to concerns expressed by businesses but needs to do more to attract investments into sectors such as e-commerce, the UK India Business Council (UKIBC) has said.
Mumbai: The Indian government is responsive to concerns expressed by businesses but needs to do more to attract investments into sectors such as e-commerce, the UK India Business Council (UKIBC) has said.
The comments from the lobby grouping come after there was a sharp criticism of Goyal for saying Amazon was not doing India a favour by the investment announcement. India's GDP growth is set to slow to a decadal low of 5 per cent for 2019-20 and all eyes are set on the strategy deployed by the government in the upcoming Budget.
Amazon CEO Jeff Bezos has said the e-commerce major will invest $1 billion (over Rs 7,000 crore) in digitising SMBs. Declining to comment specifically on the impact on investors because of Goyal's comments, UKIBC CEO Richard Heald said here that the e-commerce sector has a tremendous potential.
