The December amendments to the foreign funding regulations for e-commerce marketplaces have induced Flipkart and Amazon to ramp up their government affairs and public policy teams in India, in accordance to sources.
The December amendments to the foreign funding rules for ecommerce marketplaces, which roiled foreign-funded on-line structures with a host of restrictions, have induced Flipkart and Amazon to ramp up their authorities affairs and public policy groups in India, in accordance to sources.
Walmart-owned Flipkart has employed Dhiraj Kapur, former vice-president of company affairs at Carlsberg India, as the head of government affairs and he is placing together a national team in some most important states. He will report to Rajneesh Kumar, chief of company affairs, a source said.
Flipkart additionally plans to rent specialists and retired IAS and IPS officers to recommend it on policy problems and authorities affairs. Kumar, who is also the spokesperson for Flipkart, stated the Bengaluru business enterprise collaborates and works with unique stakeholders throughout the united states of america to create shared value.
“To continue developing fee for these special stakeholders, such as communities, we work with industry associations, farmers and FPOs, different partners, governments and public authorities at the central and state levels,” Kumar stated in an emailed response.
“Consistent engagement helps us deliver high-quality practices to our operations and grant chain. As a homegrown company, we always strive to use our technology- and innovation-led problem-solving approach to guide all our stakeholders, which includes public authorities, in executing their growth vision,” he said. “Like many companies, we do seek advice from with advisors to assist have interaction better to help India’s development needs. We don’t have advisory board structure”.
Kumar, however, selected no longer to stress on the FDI regime. “We have been planning to construct out the crew considering the Walmart partnership announcement, as it is a vital function in any market we operate,” he said.
Rival Amazon is planning to employ for three managerial posts for government affairs and public policy, a supply said, and two of these have been marketed on LinkedIn. A spokesperson for Amazon declined to comment. A senior govt of a overseas digital agency stated the aggressive hiring in authorities and policy teams of both Amazon and Flipkart are a direct fallout of the new FDI coverage regime.