×
200
Fashion Jobs
KITEX GARMENTS LIMITED
General Manager - Merchandiser
Permanent · ALUVA
ZODIAC CLOTHING CO LTD
Sourcing Officer (Fabric & Garment)
Permanent · MUMBAI
LIFESTYLE BRANDS
Head of Marketing, Louis Philippe - Bangalore
Permanent · BENGALURU
LIFESTYLE BRANDS
Manager - Online Sales &Amp; Merchandising Bangalore
Permanent · BENGALURU
LIFESTYLE BRANDS
Group Manager - E-Commerce Product (B2B)
Permanent · BENGALURU
LIFESTYLE BRANDS
Manager - Product, Louis Philippe
Permanent · BENGALURU
PANTALOONS HO
Senior Executive - Marketing
Permanent · PUNE
LIFESTYLE BRANDS
Manager - Trade Channel, Finance
Permanent · BENGALURU
LIFESTYLE BRANDS
Executive -Key Accounts (Mis),lp
Permanent · BENGALURU
LIFESTYLE BRANDS
Senior Executive - Garment Technician (ww &Amp; Kids), Pdqa
Permanent · BENGALURU
LIFESTYLE BRANDS
Sales Executive - Kannur &Amp; Kasargod
Permanent · BENGALURU
HIGH FASHION GARMENT COMPANY
Manager Humanr Resource (Male) From Mumbai Only
Permanent · MUMBAI
RAJ KHATRI FILMS PVT LTD
Digital Marketing Executive
Permanent · MUMBAI
PANTALOONS HO
Manager - Digital Marketing - Mumbai
Permanent · PUNE
LIFESTYLE BRANDS
Manager - Buying, Peter England- Bangalore
Permanent · BENGALURU
ANANDGUPTA COUTURE
Social Media Marketing & Fashion Design Assistant
Permanent · MUMBAI
DESIGNR
Sales Officer
Permanent · NEW DELHI
NETE.IN
CRM & Logistics Executive
Permanent · MUMBAI
FABINDIA OVERSEAS PVT. LTD.
Retail Planner
Permanent · NEW DELHI
SELECTIVE GLOBAL SEARCH PVT. LTD.
Business Development
Permanent · NEW DELHI
AJIO - RELIANCE INDUSTRIES LTD
Sales Officer
Permanent · KARIMNAGAR
AJIO - RELIANCE INDUSTRIES LTD
Sales Officer
Permanent · MIRYALAGUDA

CAIT demands government audit of Flipkart, Amazon, looks into online discounting

Published
today Oct 15, 2019
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

The Confederation of All India Traders asked the Minister of Commerce and Industry Piyush Goyal to audit Flipkart and Amazon on Monday, believing the e-commerce giants are engaging in deep discounting. 

The CAIT has asked Union Minister Goyal to investigate deep discounting online - CAIT- MAHA- Facebook


The CAIT sent a letter to Union Minister Goyal on October 14 asking him to investigate the business models of foreign-owned e-commerce businesses Flipkart and Amazon to ascertain if they are operating legally, the Press Trust of India reported. The CAIT has also sent letters to over 40 retail businesses’ manufacturers to clarify if e-commerce businesses are discounting items to a harmful degree, TNN reported.

“If it is found that the manufacturers are allowing discounts for sales only through e-commerce portals, then CAIT may approach the Competition Commission,” the CAIT’s head BC Bhartia told TNN. “It amounts to unfair trade practice if the manufacturers are offering heavy discount on the same product sold on an e-commerce portal but not to the regular traders down the chain.”

The CAIT has urged Goyal to convene a meeting on the issue, especially considering the recent festive sale season when some e-commerce businesses offered up to 80% discounts on goods ranging from fashion to electronics. Amazon and Flipkart maintain that independent brands themselves offer large discounts and they have no part in the discounting. 

CAIT secretary general Praveen Khandelwal told the Press Trust of India that it is investors that are funding the e-commerce business’ losses caused by heavy discounts in order to increase the business’ valuation. "It appears that it is not a business model but a valuation game of investors who are hugely benefitted when they exit their investment at a time when the valuation of the company becomes too high," said Khandelwal.

Copyright © 2019 FashionNetwork.com All rights reserved.