CAIT REJECTS ANY TRUCK WITH E COMMERCE COMPANIES AMAZON & FLIPKART
TRADE LEADERS OF COUNTRY MEETING ON 10 NOVEMBER AT NEW DELHI TO LAUNCH AGITATION AGAINST AMAZON & FLIPKART
Dharmshala------------Amid media reports that Government wants e commerce companies to make offline trade a part of their growth, the Confederation of All India Traders (CAIT) today rejected this idea and said that there is no question of joining hands with any business entity who is not following the policy of the Government and law of the land.If the reports is correct then it is most surprising that instead of directing such e commerce companies to fall in line with the policy, the Government is encouraging them to continue with their existing business model. However, the CAIT has already planned a nationwide movement against these e commerce companies and has convened an emergent meeting of its National Governing Council on 10th November at New Delhi to take stock of the situation and finalise the strategy of the movement to be launched from 13 November.Trade leaders from different states of the Country shall be participating in the meeting.The CAIT has also invited leaders of national organisations of transport, small Industry, hawkers, farmers, consumers, self employed groups and women entrepreneurs.
Commenting upon the said media report, CAIT Secretary General Mr. Praveen Khandelwal said that so far we have not received any such communication from the Government nor any talks are held with any e commerce entity for joining hands. Its a very complicated matter since the offline business has suffered business loss of about 50% in recent Diwali festive season due to malpractices of e commerce players those who are indulging in predatory pricing, deep discounting, loss funding, controlling inventory, preferential treatment to few sellers, influencing prices which constitute violation of the FDI policy of the Government. As per an estimate the Diwali festival sale every year is about Rs. 6 lakh crores across Country and this year the offline traders could able to generate a sale of about Rs.3 lakh crore only.
Mr. Khandelwal said that in a situation where e commerce companies who have devoted the offline trade and continuing to convert retail trade into a crony capitalism, how can offline traders align with them and become a part of their unethical growth story.' If at all need arises, the CAIT instead of these e commerce companies, will be more inclined to join hands with any domestic e commerce or big retailer to protect offline trade. and ensure inclusive and simultaneous growth on equal partnership basis".
CAIT National President Mr. B.C.Bhartia said that the CAIT will strongly pursue with the Government to roll out draft of e commerce policy soon and will also demand formation of either a regulatory mechanism to monitor and regulate Indian e commerce trade or constitute an "e commerce ombudsman" duly armed with the powers to impose penal action in cases of violation of e commerce policy.