CAIT launches ‘e-commerce purification week'

To prevent Amazon, Flipkart and other foreign-funded e-commerce companies from indulging in unethical business practices and controlling India’ retail business, Confederation of All India Traders (CAIT) has launched an ‘e-commerce purification week’ from June 14- 21, 2021.

During this week, trade organizations across the country will handover a memorandum to district collectors in all states. Additionally, trade delegations will urge chief ministers and finance ministers of respective states to set up a monitoring mechanism for e-commerce trade for ensuring strict implementation of FDI in e-commerce policy.

The trade associations will also urge Prime Minister Narendra Modi and Commerce Minister Piyush Goyal to direct CCI to initiate an investigation into the business module of Amazon and Flipkart, issue a fresh press note removing the flaws of Press Note 2, and set up of a regulatory mechanism at the Centre to monitor e-commerce business in India. The CAIT has also declared to launch a digital signature campaign across the Country on this issue.

CAIT says, in the last one year, there has been a 36 per cent growth in India’s e-commerce business, especially in personal care, beauty and wellness business, 70 per cent in grocery, FMCG products and more than 27 per cent in electronics.

The exponential growth in usage of smartphones in India is contributing majorly in expansion of e-commerce business, it adds.

The trade body alleges, foreign companies like Amazon and Flipkart defied all the laws of the country by adopting predatory pricing, deep discounting, loss funding, controlling inventory, and giving preferential treatment to sellers, killing smaller businesses in India.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India, Noida

Return to homepage