Where Amazon is eBay!
- Mihir Sharma, Business Standard
We really do not trust foreigners.
One of the founding myths of Western civilisation is that the Trojans, when their city was destroyed, sailed west and founded the village that would become Rome.
I disagree. They came to India, and they brought their well-earned distrust of foreigners bearing gifts with them.
Look at how we have treated two recent arrivals to our shores.
Look first at Amazon, which plans to invest $2 billion in India.
Are we pleased? Ha. We are suspicious. People don't just invest that sort of money, we think. They're up to something.
And so, first of all, we ensure that they cannot sell directly to users. This country is the only place in the world where Amazon is not Amazon, but eBay. It is primarily a marketplace, not a retailer.
OK, fine. At least they're getting to operate.
But then last week came news that the Karnataka tax department discovered that it didn't like one of their innovations.
Image Courtesy: Amazon