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Launch e-com marketplace for traders: India's CAIT
22 Nov '18
1 min read
The Confederation of All India Traders (CAIT) recently urged commerce minister Suresh Prabhu to launch an e-commerce marketplace portal in partnership with trade associations where small traders, artisans and women entrepreneurs can sell their products in a fair and transparent manner. It also demanded an early announcement of an e-commerce policy.
In letter to Prabhu, CAIT demanded formation of a regulatory authority to monitor the e-commerce business, which, it alleged, is highly vitiated and has been gripped by a few big online companies indulging in predatory pricing, deep discounting and loss funding against India’s foreign direct investment guidelines, according to Indian media reports.
The commerce and industry ministry notifies FDI policies through press notes. Press Note 3, which was released in 2016, enlists guidelines for foreign direct investment in e-commerce sector. (DS)
In letter to Prabhu, CAIT demanded formation of a regulatory authority to monitor the e-commerce business, which, it alleged, is highly vitiated and has been gripped by a few big online companies indulging in predatory pricing, deep discounting and loss funding against India’s foreign direct investment guidelines, according to Indian media reports.
The commerce and industry ministry notifies FDI policies through press notes. Press Note 3, which was released in 2016, enlists guidelines for foreign direct investment in e-commerce sector. (DS)
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