Jan 7, 2016

Amazon is in a fierce battle to become a major player in India—with some local competition in its way that isn’t exactly chopped liver.

Jeffery Bezos, CEO of Amazon, has his foot to the floorboard in a race to capture the trust of the Indian buying public, entering the scene some five to nine years later than Flipkart and Snapdeal, which have become billion dollar companies while the rest of the world was sleeping. Fortune.com reports that much of the infrastructure for doing business in India is having to be built from scratch by Amazon, tossing out practices it has taken for granted for decades.

In India, Amazon is an upstart, and is in a knife fight with two privately owned and much more established Indian competitors—Flipkart Internet Pvt. and Snapdeal, owned by Jasper Infotech Pvt.—as well as a clutch of smaller Indian startups that are nipping at all of their heels.

Steve and Sinclair review the challenge and the opportunity that Amazon India is taking on. In the Q & A segment, estate planning attorney Richard Dwornik, part of the IQ Wealth team, joins the A-team to discuss the finer points of general durable powers of attorney.