Bloomberg reports that India’s draft e-commerce policy poses a significant challenge to foreign-funded firms, including Amazon. The national e-commerce policy framework would make it so that foreign firms would not be allowed to hold e-commerce inventory in India and would impose harsh controls on phantom sellers used to sidestep many issues, favoring Indian-managed companies. A data-retention policy, which is widely considered to make it into the final law, would also require data generated within the country to be stored on local servers for a two-year period and would force many companies to partner locally to comply with storage requirements.
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