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CAIT URGED PRABHU TO IMPOSE RESTRICTIONS ON DOMESTIC E-COMMERCE COMPANIES

February 03, 2019 01:34 PM

Shimla (Vijyender Sharma)

The Confederation of All India Traders (CAIT) in a communication sent to Union Commerce Minister Shri Suresh Prabhu has drawn his attention towards various e commerce portals which are still indulging in flouting the FDI policy on e commerce despite its already implemented from 1st February,,2019. The CAIT has also demanded that FDI restrictions may also be imposed on domestic e commerce players as well to maintain fair e commerce market in the Country.

DESPITE POLICY E- COMMERCE PLAYERS STILL FLOUTING RULES

The CAIT has further said that it is a matter of common knowledge that several major e commerce players have flouted the policy since year 2016 to their advantage and their misdeeds need to be brought to the book and therefore we urge you to constitute a Special Investigation Team to investigate business modal of major e commerce players at least for past two years and subsequent action may be taken against those e commerce portals which have flouted the policy.

While commending the intention of the Government to implement the policy in its letter & spirit, CAIT National President Mr. B.C.Bhartia & Secretary General Mr. Praveen Khandelwal said that it is regretted to note that despite the policy is now implemented still portals like Amazon and Flipkart are violating the policy by exclusively selling certain products on their respective portals. As per media reports "Oppo" intend to sell its K series smartphones on Flipkart exclusively. Such other violations must also be occurring on other e commerce portals as well which is a matter of grave concern. 

Both Mr. Bhartia & Mr. Khandelwal in communication to Mr. Suresh Prabhu suggested that for the time being a Special Cell should be constituted under the Department for Promotion of Industry & Internal Trade to look after proper implementation of the policy and to deal actively and effectively with complaints. 

The CAIT has demanded that in order to ensure strict implementation of the policy, the Ministry should constitute a Regulatory Authority to regulate and monitor the e commerce business of India. It has also demanded that much delayed e commerce policy should be formulated and announced immediately.  

Both Mr. Bhartia & Mr. Khandelwal also demanded that the restrictions stipulated in FDI policy on e commerce should also be made applicable on domestic e commerce players to maintain an even level playing field and fair competition in the market. 

The CAIT has further said that it is a matter of common knowledge that several major e commerce players have flouted the policy since year 2016 to their advantage and their misdeeds need to be brought to the book and therefore we urge you to constitute a Special Investigation Team to investigate business modal of major e commerce players at least for past two years and subsequent action may be taken against those e commerce portals which have flouted the policy.

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