India's e-commerce FDI norms may result in Amazon offloading stakes in Cloudtail, Appario

India's e-commerce FDI norms may result in Amazon offloading stakes in Cloudtail, Appario

Amazon boxes are seen stacked for delivery in Manhattan, New York, U.S., January 29, 2016. REUTERS/Mike Segar/Files

The norms for foreign direct investment (FDI) in e-commerce put out on Wednesday bars e-commerce firms from selling products of entities in which they have an equity stake. This may effectively lead to Amazon offloading its investment in Cloudtail and Appario, which forms majority of its sales.

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