Mail News Service
Jamshedpur, March 6: Traders burnt effigies of Amazon and Flipkart as a protest against deep discounting and pricing tactics they say are hurting local businesses. Confederation of All India Traders (CAIT) on Monday burnt the effigies ahead of Holi to protest against the alleged ill practices of foreign companies in the e-commerce sector. The domestic traders’ body urged traders throughout the country to put pressure on the government to bring tough changes in the existing e-commerce foreign direct investment (FDI) policy.
The traders gathered at Sakchi roundabout and raised slogans against the e-commerce giants. Members of various business organizations were present during the protest. They demanded implementation of e-commerce rules of Consumer Protection Act and also pressed for an e-commerce policy. They said the e-commerce businesses should be regulated by a powerful regulatory authority.
CAIT national secretary Suresh Sonthalia and Bharat Vasani led the protestors. They said the agitation was a warning to other e-commerce companies as well. They said the traditional businesses were adversely affected by the major players in the e-commerce sector.
“We feel that the present e-commerce business of India is totally hijacked by Amazon, Flipkart, and some other companies, and they are doing all kinds of malpractices which include predatory pricing and deep discounting that are not allowed under the FDI policy,” said a trader.
“We want stringent laws for all those companies who are into e-commerce business… so that there has to be an even level playing field for all,” he said. “If they follow all the rules and regulations, we have nothing against them. Let them do business,” added another protestor. Earlier, CAIT had a meeting with the government officials in which the concerns over the growing “malpractices” of foreign e-commerce companies were raised. The traders’ body also urged Central government to set up a regulatory authority to look after the violation in the e-commerce business of the country.
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Mirchi lagi 🙂
Idiots have problem with FDI, soon domestic institutions will replace these foreign entities. As domestic institutions fund the govt then these traders will not be able to complain to govt also. Days are near that big fish will eat up all small fishes, so better optimize yourself.
You all people, don’t be greedy.All business Men neither earning nor paying income tax. But buying homes and vehicles ant still making loss …at least organised retail and e com companies are paying taxes regularly and after all for 5 crore traders why 125 crore people suffer.Who is stopping you to sell cheaper than e com companies?. Even in local market shopkeepers who sell quality goods at competitive prices are not worried at all.