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Amazon and Walmart Encounter Strong Opposition in India

If Amazon and Walmart were hoping for a warm welcome in India, they have been badly disappointed. India’s shopkeepers have united to protest the practices of e-commerce giants such as Amazon and Walmart, accusing them of making use of predatory pricing to gain an unfair advantage over local small businesses.

These businesses have quite a bit of political clout. Just last year, India’s government increased restrictions on foreign retailers, forcing e-commerce giants Amazon and Walmart-owned Flipkart to restructure their operations and stop selling thousands of products.

“Amazon and Flipkart are a second version of the East India company,” said Praveen Khandelwal, national secretary of the Confederation of All India Traders at the Delhi protest, referring to the British trading house whose arrival in India kicked off nearly 200 years of colonial rule. “The motive of Amazon and Flipkart is not to do business, but to monopolize and control.”

Read the full story at Fortune.