NEW DELHI (Reuters) – U.S. Commerce Secretary Wilbur Ross said on Monday he planned to discuss India’s new e-commerce rules that could have an impact on operations of firms such as Amazon and Walmart with his Indian counterpart on Monday.
Ross is visiting New Delhi at a time when India and the United States are locked in disputes over tariffs, price caps India has imposed on imported U.S. medical devices and over rules banning companies from selling products via firms in which they have an equity interest.
India also prohibits companies from making deals with sellers to sell exclusively on their platforms, rules which could affect investment plans of foreign firms in India’s fast-growing market set to touch $200 billion by 2027.
Ross told reporters he would discuss e-commerce with India’s commerce minister, Suresh Prabhu.
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