Friday, April 16, 2021

RIL-Future Group Deal .. Letter of Trade Unions to Jeff Bezos

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Prime Time Zone, Webdesk: Domestic FMCG companies’ trade associations have written a letter to Amazon chief and CEO Jeff Bezos on the Reliance-Future Group deal. The All India Consumer Products Distribution Federation (AICPD), a non-governmental organization with various dealers and distributors in FMCG companies, has sought to create obstacles to the Reliance-Future Group deal. It is known that there has been a legal dispute over this agreement for some time now. The letter lamented that they were suffering severely as a result of these developments, and that Amazon was making unnecessary concessions, causing many businesses and their family members trouble.

Since March 2020, Future Group has raised over Rs. He said that Rs 6,000 crore was pending and that Tamanta was getting stronger in the game you were playing for a monopoly on the world. They feel overwhelmed by the emotional and emotional stress that comes with financial stress. Went out of this problem, or made it clear in the letter that they would make payments financially. Amazon, on the other hand, has a 49 percent stake in Future Group affiliate Future Coupons. Reliance-Future Group did not like the deal and went to court over the deal which was done without their consent. Future Group is opposed to this. In this context, the traders’ association understood their situation and asked Jeff Bezos to stay away from the affair.

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