India is probing Flipkart and Amazon over allegations of predatory pricing, commerce minister Piyush Goyal said last week. Warning of stringent legal action for any probable violation, he said detailed questionnaires have been sent and the companies’ response is awaited. The Confederation of All India Traders (CAIT) alleged violations of norms by these players.
"E-commerce companies have no right to offer discounts or adopt predatory prices. Selling products cheaper and resulting the retail sector to incur losses is not allowed," Goyal told reporters.India is probing Flipkart and Amazon over allegations of predatory pricing, commerce minister Piyush Goyal said last week. Warning of stringent legal action for any probable violation, he said detailed questionnaires have been sent and the companies' response is awaited. The Confederation of All India Traders alleged violations of norms by these players.#
"We will take stringent action against them, if there is violation of any law in letter or in spirit. The law is clear. Action will be taken as per the law," a news agency quoted the minister as saying.
CAIT had in a letter urged Goyal to order an audit into the business model of all e-commerce firms and the foreign-owned Amazon and Flipkart in particular.
Following the complaint, senior officials of the department for promotion of industry and internal trade (DPIIT) had met with Amazon and Flipkart representatives.
Fibre2Fashion News Desk (DS)
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