Ecommerce cos engaged in predatory pricing: CAIT

Team Udayavani, Apr 3, 2018, 12:03 PM IST

New Delhi: Traders’ body CAIT on Monday expressed apprehension over the commerce ministry not taking any action on the ecommerce issues and its detrimental impact on the country’s retail trade.

The Confederation of All India Traders (CAIT) took a strong view against ecommerce platforms for indulging in “deep discounting and loss funding thereby violating FDI Policy 2016 of the Union Government”.

The traders’ body criticised Commerce & Industry Minister Suresh Prabhu for remaining silent on the issue despite drawing his attention to it several times.

“It appears that instead of promoting Indian retail trade, the government is more interested in helping and encouraging MNCs to control and dominate the retail trade through e-commerce and FDI which is highly deplorable,” CAIT said.

In a statement, CAIT Secretary General Praveen Khandelwal said that instead of taking action on complaints made against ecommerce companies, the government went one step ahead in allowing 100% FDI in single brand retail and has made all arrangements to wreck the backbone of Indian retail trade.

“It is more painful that even after specific assurance given to CAIT delegation by Prabhu himself, no step has been taken to draft a National Trade Policy for Retail Trade.?

Therefore, it looks sure that domestic trade is never on the priority of the government though Prime Minister is advocating policies for small businesses time & again but all goes in vain,” the traders’ body said.

CAIT claimed that large number of e-commerce platforms are deeply engaged in predatory pricing and continuously offering deep discounts by funding the losses in contravention of the FDI policy which clearly make them responsible for maintaining the equal level playing field and debar them in influencing the prices.

“These ecommerce companies claims to be a marketplace but mass scale public advertisements by them in the recent past is nothing but to solicit the consumers directly.

If in reality these companies are B2B marketplace place, then where is the need of conducting big scale advertisement campaign directly addressing the consumers… ,” said the traders’ body.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

2 detained for killing tailor in Rajasthan’s Udaipur

Stinking toilets on trains: Railways deploys senior officials for inspection

Taapsee Pannu on teaming up with SRK in ‘Dunki’: It’s a golden opportunity

Eoin Morgan retires, draws curtains on glorious international career

Udupi: Youth enacts kidnap drama to extort Rs 5 Lakhs; ends up behind bars

Tailor murdered over ‘insult to Islam’, tension in Udaipur

No hike in electricity tariff for consumers for now: Min Sunil Kumar issues clarification

Related Articles More

Opposition-ruled states demand continuation of GST compensation

Mukesh Ambani resigns from Jio, son Akash made chairman

NAA finds L’Oreal guilty of profiteering Rs 186 cr

Japan’s Toshiba shareholders approve 13 nominations to board

Govt approves investment proposals worth Rs 86,824 crore for electronics manufacturing


Bride breaks down after receiving wax statue of her late father as a gift. Video divides Internet

House Caught Fire at Kumta

Major Road Mishap at Hunasur, 1 killed and 4 injured

Vijayapura And Dotihal Tradition : farmers Celebrating Amavasya

Khadar speaks about developmental activities

Latest Additions

Zubair’s ‘objectionable’ tweet of 2018 led to Twitter storm with ‘hate’ speeches: Delhi Police

2 detained for killing tailor in Rajasthan’s Udaipur

Maha CM Thackeray chairs cabinet meeting, first after taking away rebel ministers’ portfolios

Stinking toilets on trains: Railways deploys senior officials for inspection

Taapsee Pannu on teaming up with SRK in ‘Dunki’: It’s a golden opportunity

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.