The Indian Wire » Startups » Traders body CAIT seeks govt intervention to take action against e-commerce spaces Amazon, Flipkart
Startups

Traders body CAIT seeks govt intervention to take action against e-commerce spaces Amazon, Flipkart

The tussle between the trade body CAIT (Confederation of All India Traders) and the e-commerce giants Flipkart, Amazon has been carried on further after the former demanded the government to take action against the e-commerce platforms for allegedly violating the FDI policy norms, reported ET.

The traders body CAIT also termed the Amazon and Flipkart as economic terrorists, alleging that the latter has been flouting the FDI ruled.

Whereas, a Flipkart spokesperson strongly denied the allegations and said that the company Flipkart operates through a marketplace model in India and is fully compliant with all the laws of the country, including all FDI regulations .

“It is unfortunate that some fringe organisations with vested interests keep peddling their agenda,” the Flipkart spokesperson said.

While, the CAIT claimed that small retailers have suffered at the hands of Amazon, Flipkart and other e-commerce portals for the last one year, leading to decline in their business.

“We expect the government to take immediate action against Amazon and Flipkart and either they should follow the policy or wind up their business activities from India,” it added.

On the other side of the page, Flipkart stated that innovation and tech-driven digital commerce is central to India’s dream of a USD 5 trillion dollar economy.

It said e-commerce was enabling the success of MSMEs, kiranas, farmers and also creating new livelihood opportunities while supporting formalisation of the economy and bringing in more tax revenue to the exchequer.

“Over the last five years, we have created lakhs of new jobs through our deep investments in infrastructure and the seller ecosystem and have built several hundred path-breaking innovations through our technology and engineering team,” the Flipkart spokesperson said.

Reach out to The Indian Wire!

Want to work with us? Looking to share some feedback or suggestion? Have a business opportunity to discuss?

You can reach out to us at [email protected] and we will get back in minutes.

Like us on Facebook!

Advertisement