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CAIT urges PM for meet prior to talks with Amazon CEO
Business

CAIT urges PM for meet prior to talks with Amazon CEO

Agency News

New Delhi, Jan 9 : Confederation of All India Traders on Thursday urged Prime Minister Narendra Modi for a meeting prior to his proposed meet with e commerce giant Amazon CEO Jeff Bejos to apprise him about factual position on 'how Amazon and Flipkart are destroying the business of small traders of the country'.

Flipkart is a leading destination for online shopping in India while Amazon is an American multinational technology company based in Seattle that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. In the wake of visit of the Amazon CEO to India and his likely meeting with Mr Modi, the CAIT in a communication sent to Prime Minister, urged for a meeting to apprise him about the factual position on the critical issue.

'Amazon CEO Jeff Bejos' eagerness to meet Prime Minister is certainly to shield unfair business activities in e commerce by Amazon and to justify violation of FDI policy of the Government by Amazon in a clandestine manner,' the trade body said in its communication.

CAIT National President B C Bhartia and Secretary General Praveen Khandelwal reminded the Prime Minister that about two months back, CAIT had made complaint with relevant evidence to Commerce and Industry Minister Piyush Goyal against malpractices of Amazon and Flipkart.

Mr Bhartia and Mr Khandelwal said that it was a matter of grave concern that malpractices of e commerce companies - prominently Amazon and Flipkart -- has greatly hurt the business of small traders across the country. Their collusion with brand companies and banks have compelled the closure of thousands of small traders dealing in Kirana shops, mobile, electronics, electrical items, fashion apparel and readymade garments, they said.

The CAIT reiterated that traders of the country are not against the e commerce and rather CAIT is engaged in multi-activities under PM's visionary "Digital India" mission and aligning the traders with e commerce business by creating individual e store of every trader.(UNI)