India to launch open e-commerce network to take on Amazon, Walmart


FILE PHOTO: An employee of Amazon walks through a turnstile gate inside an Amazon Fulfillment Centre (BLR7) on the outskirts of Bengaluru, India, September 18, 2018. REUTERS/ Abhishek N. Chinnappa

NEW DELHI (Reuters) - India will on Friday launch an open network for digital commerce (ONDC) as the government tries to end the dominance of U.S. companies Amazon.com and Walmart in the fast-growing e-commerce market, a government document showed.

The launch of the platform comes after India's antitrust body on Thursday raided domestic sellers of Amazon and some of Walmart's Flipkart following accusations of competition law violations. The companies did not respond to request for comment on the raids.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Honey, I love you. Didn’t you see my Slack about it?
The architects of ‘Hades’ strive to bewitch gamers again
A pithy YouTube celebrity’s plea: Buy this video game
Coming soon: Control your smartphone with facial expressions
Crypto lender Genesis to return $3 billion to customers in bankruptcy wind-down
US, TikTok seek fast-track schedule, ruling by Dec. 6 on potential ban
DXC Technology tumbles as investors fret over latest restructuring plan
Microsoft to release next 'Call of Duty' game on subscription service, source says
US labor board will suspend case against SpaceX pending company's legal challenge
Nigeria court rules Binance executive can face trial on behalf of crypto exchange

Others Also Read