Business Bureau :
The persistent malpractice of Amazon and Flipkart indulging in several unfair trade practices to distort and vitiate India’s e-commerce space has drawn unprecedented ire and disgust from 8 crore Indian traders led by the Confederation of All India Traders (CAIT) at the National Governing Council meeting of CAIT represented by more than 200 trade leaders from all corners of India. Amazon and Flipkart have left no stone unturned in blatantly violating and openly circumventing the FDI policy of the country to completely destroy the ecosystem of Indian e-commerce space thereby affecting the overall retail scenario of India, said Praveen Khandelwal, National Secretary General, CAIT. B C Bhartia, National President CAIT, added that by adopting such predatory tactics like deep discounting, loss funding, inventory control, preferential seller treatment and selling their own brands through their alpha sellers, Amazon and Flipkart have made their intentions clear that there is no place for ethics.
Bhartia and Khandelwal said that the traders of the country who do not fear any healthy competition have now had enough with this long drawn ordeal against these multinational e-commerce companies who have illegally entered India and unceremoniously through their strong financial muscle shaken the foundation of Indian retail. The ltraders may take a strong step in the near future to throw out these companies from India if they do not mend their ways and adopt ethical business practices. “The entire trading community of the country is now firmly affirmed that ‘we will not allow any e-commerce entity to continue with their malpractice’. the companies’ time is over now,” said Bhartia and Khandelwal.