CAIT, CCI discuss 'unethical competition' by e-commerce firms
According to CAIT Secretary General Praveen Khandelwal around 40,000 mobile shops are on the verge of closure by Diwali due to unethical practices of Amazon and Flipkart. A CAIT delegation also met CCI Chairman to apprise him of the situation.
According to a statement issued by the Confederation of All India Traders (CAIT), CCI Chairman Ashok Kumar Gupta said it is committed to establishing a uniform and competitive business environment in the country and if anyone adopts unhealthy trading practices, influencing prices in any manner, the Commission will surely take action as per law.
CAIT Secretary General Praveen Khandelwal claimed that due to unethical commercial practices of Amazon and Flipkart, around 40,000 mobile shops are on the verge of closure by Diwali.
A delegation of CAIT met with the CCI Chairman and apprised him about how e-commerce companies are trapping the country's business in vicious cycle of unethical competition, CAIT said.
With regard to predatory pricing, Goyal on Thursday warned of stringent action as per the law for any violation and said detailed questionnaires have been sent to these companies and their response is awaited.