OnePlus bets big on India, hopes govt policies don’t hurt ecommerce

Barcelona: Chinese smartphone maker OnePlus is betting big on India but hopes that the government will not take any steps that will be detrimental to the ecommerce industry, which has surged in the past few years led by majors such as Flipkart and Amazon.

“We are studying the new requirements but hope that the policy makers will not erode the unique advantage that have been created in the connected online space in India, purely for the sake of expanding offline presence,” OnePlus founder Pete Lau told ET.

“Ecommerce represents the forefront of online retail and (hope that) India will not erode where it has a significant advantage,” he added.


His comments come on the back of latest changes in rules around FDI in the ecommerce sector aimed at a better pricing balance between online and offline players, forcing handset makers to expand their presence into brick and mortar stores as well.