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CAIT alleges that Amazon, Flipkart and Snapdeal have violated FDI rules
CAIT alleges that Amazon, Flipkart and Snapdeal have violated FDI rules
In Its Complaint, CAIT Said The Advertisements Issued By Them In Past Days Amounts To Soliciting Retail Customers Attheir Portals And Influencing The Prices And Creating An Uneven Level Playing Field. PTI | Updated on: 24 Sep 2017, 12:06:32 AM
New Delhi :
Traders body CAIT today urged the government to take action action against e-commerce firms like Amazon and Flipkart, alleging they have flouted FDI norms for such players by undertaking retail trading activities.
The Confederation of All India Traders (CAIT) wrote to Union Commerce Minister Suresh Prabhu in this regard, claimingthat the companies were indulging in a blatant violation of the FDI (foreign direct investment) policy.