The Confederation of All India Traders (CAIT), which has been demanding that the government scrap the deal and constitute a regulatory authority to regulate and monitor the country’s e-commerce market, organised mass protests in different parts of the country against the deal early this week.
The combined capabilities of both the companies will create India’s leading e-commerce platform and benefit the country by providing quality, affordable goods for customers, while creating new skilled jobs and fresh opportunities for small suppliers, farmers, and women entrepreneurs, a news agency reported quoting a Walmart statement.
CAIT secretary general Praveen Khandelwal, however, feels Walmart will create an ‘unfair competition and uneven level playing field’ and ‘will indulge in predatory pricing, deep discounts and loss funding’. (DS)
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