The Confederation of All India Traders’ Gujarat division demanded a nationwide ban on online trade by foreign direct investment-backed e-commerce platforms as part of its pan-India protest on November 13.
Amazon and Flipkart have communicated to the Department for Promotion of Industry and Internal Trade that they do not engage in predatory pricing online in India as the government body investigates them.
The Government of India is considering opening around 10 “mega parks” near ports around the country with the aim of attracting foreign direct investment to the country’s businesses, said Textile Secretary Ravi Capoor.
The Confederation of All India Traders wrote to the Prime Minister Narendra Modi on Tuesday to urge the government to strictly enforce its foreign direct investment regulations on Walmart to protect Indian traders.
The Confederation of All India Traders (CAIT) has informed the Ministry of Finance that e-commerce firms are causing a large loss in goods and services tax revenue during the festive season by flouting regulations.
CAIT asked the government on Friday to ban upcoming festive sales on Amazon's local unit and its rival Flipkart, saying their deep discounts violate the country's foreign investment rules for online retail.