The Confederation Of All India Traders (CAIT), has accused the global e-commerce giant Amazon Inc of practising exploitative pricing, deep discounting and inventory control and has demanded that the Government ban Amazon’s site and halt its India operations.
In a letter to Commerce and Industry Minister Piyush Goyal, the CAIT said, “Our association has been requesting your good office to take appropriate steps and investigate and penalise the multinational companies like Amazon and Flipkart (Walmart) for the blatant violation and/or exploitation of the loopholes of the FDI policy and the Foreign Exchange Management Act/Rules.”
Secretary-General of the CAIT, Praveen Khandelwal, during a press conference urged the Center to put an “immediate ban on Amazon’s portal and its operations in India” and to initiate a probe into the company’s operations without letting go of any time.
CAIT also said that in a recent conference held in Nagpur, “the inaction of government on this issue was viewed very seriously, and members (of the CAIT) resolved to go on a nationwide stir if urgent action is not taken by the government.”
Both Amazon India and Flipkart have denied these allegations and maintained that all their practices are done in conformity to the Indian trading laws.
