India’s CAIT demands early introduction of e-com policy

Source: https://www.fibre2fashion.com

The Confederation of All India Traders (CAIT) recently urged commerce minister Suresh Prabhu to introduce the e-commerce policy at the earliest as the confederation apprehends vitiation of the domestic market by e-commerce portals through ‘predatory pricing’, ‘deep discounting’ and ‘loss funding’ during the festive season beginning October 15.

CAIT national president B C Bhartia requested Prabhu to restrict preferred sellers of e-commerce companies to sell products on e-commerce portals, according to a news agency report.

The government has already issued a first draft of the e-commerce policy and a panel of secretaries is examining that.

Provisions on data localisation should be part of the policy to check unauthorised infiltration of goods through e-commerce, said CAIT secretary general Praveen Khandelwal.

The proposal to allow up to 49 per cent foreign direct investment in inventory model-based businesses must be scrapped and it amounts to ‘backdoor entry’ of multi-national companies in retail trade, Khandelwal added.



Categories: Asia, Business, E-commerce, India, Retail

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