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CAIT complains against e-tailers 'flouting' FDI policy
06
Oct '17
Accusing e-commerce portals of ‘openly flouting’ foreign direct investment (FDI) policy, the Confederation of All India Traders (CAIT) has said it may move court if no action is taken by the government against them. CAIT expressed ‘deep anguish and resentment’ over the government’s ‘lethargic attitude’ in taking action against such portals despite complaints.

CAIT has sent a communication regarding the issue to Department of Industrial Promotion and Planning (DIPP) secretary Ramesh Abhishek and had also written to commerce minister Suresh Prabhu on September 23, a news agency reported quoting a statement from the association.

Without naming any particular e-commerce site, CAIT said these sites are allowed to conduct only business-to-business activities and not any business-to-consumer activity under FDI regulations. However, ahead of the Hindu festival of Diwali these sites are attracting public to sell. (DS)

Fibre2Fashion News Desk – India


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