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Traders’ body seeks audience with Trump to raise concern over business practices of Amazon, Flipkart

The Confederation of All India Traders (CAIT) has been alleging violation of FDI policy rules by American e-commerce majors Amazon and Walmart-owned Flipkart to the detriment of domestic retailers.

By: PTI | New Delhi | Published: February 13, 2020 5:41:10 pm
e-commerce firms, fdi compliance report, amazon, flipkart. fdi policies, business news, indian express The Confederation of All India Traders asked the government to make it mandatory for the e-commerce companies to obtain a compliance certificate by March 31, to be able to raise funds.

Traders’ body CAIT on Thursday said it has sought an audience with US President Donald Trump, who will be visiting India on February 24-25, to express concern over business practices being followed by American companies like Amazon and Walmart-owned Flipkart in India.

“We will apprise him of the practices being adopted by US companies in India, especially Amazon India and Walmart-controlled Flipkart to control and dominate retail trade which no country in the world can accept,” CAIT Secretary General Praveen Khandelwal told PTI.

The Confederation of All India Traders (CAIT) has been alleging violation of FDI policy rules by American e-commerce majors to the detriment of domestic retailers.

Khandelwal said that besides sending a communication to Trump, CAIT has also requested Commerce Minister Piyush Goyal and Foreign Minister S Jaishankar to facilitate a meeting of CAIT delegation with the US President.

At the invitation of Prime Minister Narendra Modi, Trump is slated to travel to India on February 24 and 25. In addition to New Delhi, he will stop at Ahmedabad in Gujarat to address a joint public meeting with Modi at a stadium.

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