Tue. Oct 26th, 2021


© Reuters. SHEET PHOTO: Piyush Goyal, Minister of Railways of India and Minister of Trade and Industry, attends a session of the annual meeting of the 50th World Economic Forum (WEF) in Davos, Switzerland, on January 21, 2020. REUTERS / Denis Balibouse / Photo File

By Abhirup Roy and Aditya Kalra

NEW DELHI (Reuters) – India’s trade minister clashed on social media on Saturday over his statements that many large domestic companies had overlooked national interests and that the Tata Group’s objections, which they proposed e-commerce policy changes bothered him $ 106 billion.

At an event hosted by the Confederation of Industry of India (IIC) on Thursday, Minister Piyush Goyal criticized Tata and, in general terms, said local businesses should not just focus on profits or think about jumping. local laws were reported, according to media reports and a source who attended the event.

The comments drew public attention and sparked a debate on social media after The Hindu newspaper reported on Saturday that the government had asked the IIC to block videos with Goyal’s comments.

Two links to these videos of Goyal’s speech shared with journalists are now marked as private and blocked. The IIC and Goyal’s office did not respond to any requests for comment.

“The kind of language used against industry captains and denouncing their work against the interest of the nation is shameful … CII should apologize instead of helping it by pushing the video forward,” he said. Priyanka Chaturvedi, legislator and opposition leader.

India’s main opposition party spokeswoman Supriya Shrinate said on Twitter that Goyal’s statements were “unworthy”.

Goyal’s comments about Tata came after Reuters reported last month on https://reut.rs/3eLCfJo, the conglomerate was one of the most rumored to report to the government at a July meeting that e-commerce rules proposals will have a major impact on your business https://reut.rs/3dDlJdI and prohibits its joint venture partners such as Starbucks (NASDAQ 🙂 from selling products on Tata’s shopping websites.

At the IIC event, Goyal said Tata’s objection to the rules had hurt him, saying he had passed that position on to Chantrasekaran chairman Tata Sons chairman, said the source who attended.

Tata declined to comment Saturday.

Goyal has also repeatedly criticized https://reut.rs/3qs5aXw Flipkart from Amazon (NASDAQ 🙂 and Walmart (NYSE 🙂 for allegedly skipping foreign investment rules for e-commerce. This week, he also invoked the “Quit India” movement https://reut.rs/3AwPsho in parliament while welcoming a court order allowing an antitrust investigation of the two companies to continue.

The Confederation of All Merchants of India, however, welcomed Goyal’s position on Saturday, saying it was “very unfortunate” that Tata was opposed to the government’s e-commerce rules.

The 153-year-old Tata group has big e-commerce plans and plans to launch an app that will integrate several of its major brands, but proposed policy changes have scared it, Reuters reported at https: //reut.rs/ 3eLCfJo.

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