Commerce Minister Piyush criticises E-commerce giants for predatory pricing practices

Union Commerce and industry minister Piyush Goyal has stirred up the pot by letting go a broadside against Amazon and other ecommerce players. Attacking these e-retailers for ‘predatory pricing’, Goyal alleged they were slowly killing the vast network of small, mom-and-pop shops through unfair competition. He also suggested Amazon was passing off fund infusions to cover Rs 6,000 crore of losses by disguising them as investments.