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Synopsis The body has alleged that the way foreign companies like Amazon and Flipkart defied all the laws of the country, adopting predatory pricing, deep discounting, loss funding, controlling inventory, and adoption of preferential sellers have killed the small businesses in India. CAIT said that in the last one year, there has been a growth of 36 per cent in e-commerce business in India, especially in personal care, beauty and wellness business, 70 per cent in grocery, FMCG products and more than 27 per cent in electronics. NEW DELHI: For more than five years, Amazon, Walmart-owned Flipkart and many other foreign-funded e-commerce companies have indulged into all kinds of unethical business practices with an objective of taking control of not only the e-commerce but even the retail business of India, the Confederation of All India Traders (CAIT) said.

Narendra modiPiyush goyalConfederation of all india tradersWalmart owned flipkartAll india tradersDistrict collectorsChief ministersFinance ministersPrime minister narendra modiCommerce minister piyush goyalPress noteState governmentsTraders bodyநரேந்திர மோடிபியூஷ கோயல்கூட்டமைப்பு ஆஃப் அனைத்தும் இந்தியா வர்த்தகர்கள்